Donald Trump ‘Series 2’ NFTs floor price crumbles more than 10% below purchase price | Keyword Financial

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Donald Trump ‘Series 2’ NFTs floor price crumbles more than 10% below purchase price

Apr. 22, 2023

By Josh O'Sullivan

Donald Trump's NFT rollercoaster: Series 2 floor price tumbles below buy-in price — while Series 1 sales soar.

Former U.S. President Donald Trump’s non-fungible token (NFT) second collection has crumbled more than 10% below the purchase price of $99 — currently with a floor price of roughly $88 at press time.

According to OpenSea analytical data, the floor price rapidly crumbled on April 19 and currently sits at 0.0468 Ethereum (ETH) — worth roughly $87.84.

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OpenSea data also showed that the NFTs had seen 14,755 sales on April 22, with a volume of 1037 ETH — worth roughly $1.9 million.Volume has fallen significantly over the last five days — falling to just 25.49 ETH on April 22, from 482 ETH in volume on April 18.

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The ‘Trump Dump Effect’

Peaking out of the gates at around 0.2 ETH — worth roughly $375 — the announcement of Trump’s Series 2 NFT collection caused Series 1 to crash 58% by April 19.

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Photorealistic 3D render of an industrial vault at night. Dozens of small, insect-like, wheeled, and hovering robots are swarming an open steel safe, which is overflowing with gold and brass tokens. The robots are actively carrying, grappling, and moving the tokens, with some on the safe's rim and others on the floor. The scene is lit by cold fluorescent lights, highlighting the metallic robots and tokens, with motion blur conveying frantic activity.

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