Trump's NFTs surge 900% ahead of his inauguration as the 47th president

The digital asset collection linked to Donald Trump experienced an extraordinary surge in recent days, just as the former president was preparing for his inauguration ceremony in January 2025. Trump’s non-fungible tokens showed unprecedented price movements, reaching nearly 1000% increases within a 24-hour period.

Record Transactions and Price Volatility

According to data collected by CoinGecko, the platform specialized in cryptocurrency market analysis, the trading volume of these digital cards recorded extraordinary figures. In just one day, transaction activity reached 219 ETH, representing a 70,000% increase compared to the previous day. The minimum price of these cards hit 0.073 ETH during this volatile period.

The most recent series of these digital assets was originally launched in April 2023 on the Polygon network, a scalability solution for Ethereum. This limited collection comprised 47,000 digital units hosted on the Polygon blockchain, continuing the legacy of a previous edition released in December 2022.

Collection Evolution and Iconic Designs

The first version of these cards, introduced several years ago, included unique and unrepeatable designs, as well as special autographed gold and silver variants. This initial collection consisted of 45,000 units, with Trump depicted in various roles such as cowboy, astronaut, and businessman.

The subsequent series significantly improved in artistic composition, featuring the public figure in more modern contexts: rockstar, monster truck driver, and other interpretations inspired by memorable moments in his career. This artistic evolution reflected the growing sophistication of these assets within the crypto ecosystem.

The Context of the Presidential Inauguration

The inauguration ceremony took place on January 20, 2025, at the Capitol in Washington, marking the start of Trump’s third term in national politics. His electoral victory in November 2024 over Kamala Harris rekindled enthusiasm among crypto-friendly investors, who anticipated a more receptive environment for digital assets.

The $TRUMP Phenomenon on Solana

To celebrate his re-election, Trump also launched a meme coin called $TRUMP on the Solana blockchain. This token was set with a fixed supply of one billion units, initially distributing 200 million tokens on the first day, with 100 million reserved for the public community.

The meme coin quickly gained traction among traders, establishing itself as one of the most discussed projects in the Solana ecosystem. The official announcement on social media, made in mid-January 2025, reflected Trump’s strategy to maintain relevance in the crypto world during his presidential transition period.

This movement in digital markets underscores the growing interest of public figures in digital assets and non-fungible tokens as tools for community engagement and alternative investment.

TRUMP-0.2%
ETH3.18%
SOL2.55%
MEME1.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)