Donald Trump, the former US President, is set to launch his second series of NFTs after the success of his initial collection. The new collection is expected to consist of 47,000 tokens, which is 2,000 more than the first and will be minted on the Polygon network. Despite market demand, Trump has decided to keep the price of each token at $99 to allow his supporters to have fun and make money.
However, the announcement of the new collection has caused the floor price of the initial batch of NFTs to crash. The cheapest Trump NFT has gone from 0.4 ETH to around 0.1 ETH. This move has left the owners of the first collection unhappy, but with Donald Trump’s fortune estimated at over $2.5 billion, it is clear that he does not need to sell NFT collections to increase his net worth.
“I could have raised the price MUCH HIGHER, & I believe it still would have sold well, with a lot more money coming to me, but I didn’t choose to do so. I WILL BE GIVEN NO “NICE GUY” CREDIT?”
A Presidential Campaign?
It is possible that the former President’s real goal is to remain relevant on social media while preparing for a potential presidential campaign. The additional 2,000 tokens in the new collection highlight the number “47”, which could signify the next US President’s position.
Trump’s first NFT collection, launched on December 15th, may have earned him nearly $1 million. The collection featured various aspects of his life and presidential career through 45,000 unique NFTs, offering various prizes such as autographs and dinners with the former President. However, it is unknown whether the project managers and Trump himself have fulfilled their part of the deal by inviting winners to enjoy fabulous dinners at luxurious restaurants.
Despite this uncertainty, the former President’s fans and followers continue to grow, with many willing to pay hundreds of dollars for a piece of his digital life, especially as rumors about his potential presidential run continue to circulate.
In conclusion, the launch of Donald Trump’s second NFT collection is set to cause a stir in the market, despite the drop in value of the initial collection. With the former President’s supporters eagerly anticipating the next collection and rumors of a potential presidential campaign, it remains to be seen whether this move will help to keep Donald Trump in the public eye.