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Home DeFi NFT

rewrite this title and make it good for SEO Donald Trump’s Presidential Win Spurs NFTs and Memecoins Surge – Cryptoflies News

Flavia S. by Flavia S.
November 7, 2024
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rewrite this title and make it good for SEO Donald Trump’s Presidential Win Spurs NFTs and Memecoins Surge – Cryptoflies News
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Following Donald Trump’s victory in the U.S. presidential election, his non-fungible token (NFT) collections and Trump-themed memecoins experienced a significant surge in interest and activity.

CryptoSlam data shows that Trump’s “Digital Trading Cards Series 2” experienced a sharp rise in the past 24 hours, with sales up by +708% and transactions increasing by +608%.

However, this uptick had already been building since tensions flared in the Trump-Harris campaign. Over the past 30 days, Series 2 reported a +644% increase in sales, a +525% rise in transactions, and a +132% boost in buyers.

Series 1 of Trump’s NFT collection also saw notable gains. In the last 30 days, its sales increased by +174%, with transactions up by +186% and the number of buyers growing by +181%.

Beyond NFTs, Trump-themed memecoins have experienced similar surges. MAGA (TRUMP) One saw a massive one-day price increase of 786.43%, with trading volume skyrocketing by 1407.79%, totaling over $3.62 million, according to CoinMarketCap. 

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This is not the first time a Trump-themed memecoin has seen a rise. In May, Trump’s crypto assets reached a high of $10 million, mainly driven by the MAGA (TRUMP) coin, which peaked at $13.24 on May 27. Another price jump of over 63% occurred for the same memecoin in July following an attempted attack on Trump in Butler, Pennsylvania.

The community may see this surge as a positive sign. Trump has previously shown support for Web3 technologies and has been vocal about his favorable stance on crypto and NFTs. 

A recent financial disclosure reveals that Trump holds between $1 million and $5 million in Ether (ETH) and earned $7.1 million from NFT licensing fees.

Trump’s first NFT collection launched in late 2022. His third release, titled “Mugshot,” included a physical item — a piece of the suit he wore during his August 2024 arrest in Fulton County, Georgia. 

In August, Trump launched his fourth and final pre-election NFT collection, “America First.” This series featured trading cards of him and perks like sneakers, fragments of his suit, and VIP access to a gala dinner.

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