Former US President Donald Trump’s NFT collection, the Trump Digital Trading Card, has lost 80% of its value as the floor fell to 0.16 Ethereum (ETH) from 0.84 Ethereum (ETH) 10 days ago.
According to OpenSea data, 45,000 NFTs are currently owned by a total of 15,115 owners, representing a unique owner rate of 34%.
Trump launched his collection on Dec. 15 and was able to mint 45,000 NFTs during the sweepstakes entry period. Each NFT costs him $99 during the entry period. This equates to 0.083 ETH based on his ETH price at the time of writing.
The NFT line is owned by NFT International LLC, which specifically states that it is “not owned, managed, or controlled” by former President Donald Trump. I was able to make a million dollars. Also, NFT International LLC has his 10% reduction on each deal. This equates to over $1 million in revenue, considering the project’s current volume of 7,683 ETH at the time of writing.
A few days after its launch, the NFT line came under heavy criticism regarding internal minting, licensing errors, and alleged design plagiarism in response to a timeframe when floor prices began to drop. The project internally minted 1000 NFTs, the collection contains 68 rare NFTs, 47 out of 179 1/1 and 21 out of 70 NFTs are signed NFTs .