Former President Donald Trump’s non-fungible token (NFT) sequence has exploded in worth since his arrest in Atlanta, Georgia.
Trump turned himself in on the Fulton County jail on allegations that he tried to conspire to overturn the outcomes of the 2020 presidential election in Georgia.
Upon his arrest and Trump posting his mugshot to his account on the social media platform X, his first publish since January 2021, costs of his NFT assortment went skyward.
Information from the NFT market OpeanSea shows that the value flooring of the Trump Digital Buying and selling Card assortment jumped from 0.13 Ethereum (ETH) value $213 to 0.22 ETH value $361 on August twenty fourth.
Commenting on the development, crypto reporter Colin Wu says,
“After the arrest of former US President Trump, the buying and selling quantity of Trump Digital Buying and selling Playing cards, his private NFT assortment, elevated by 177% prior to now 7 days to 37.93 ETH, of which it reached 24.1 ETH on August 25, the best since Could 4. The ground worth additionally surged 61% to 0.19 ETH.”
At time of writing, the ground worth of Trump’s NFT assortment stands at 0.175 ETH value $287.84.
In line with a monetary disclosure submitting with the Workplace of Authorities Ethics, Trump owns a cryptocurrency pockets with holdings valued someplace between $250,001 and $500,000.
The pockets is labeled on the doc as “(Ethereum),” although it stays unclear if his holdings are in ETH, different ERC-20 tokens and/or different digital property like non-fungible tokens (NFTs).
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