Donald Trump trading cards have lost so much value in a week

According to figures from OpenSea website, which tracks sales of non-fungible tokens (NFTs), Donald Trump’s digital trading cards have lost 72 percent of their value over the past week after prices initially soared online.

On December 15, the former president put 45,000 of the cards up for sale, each priced at $99. After Trump promoted the “unique” assets online, all tickets sold out within hours.

Each card features Trump as one of several heroic characters, including a superhero, astronaut, sheriff, and NASCAR driver.

After the sell-off, many of the cards were re-traded and their value rose to 0.82 Ethereum, or $999, according to OpenSea last Saturday, December 17th.

Over the past week, however, their value has fallen by 72 percent, according to the site, with each card now worth 0.23 Ethereum, or $280, as of December 24 at 8:38 a.m. ET.

Overall, each card has appreciated significantly in value since it was first sold, with its cost increasing 182 percent since its delivery.

The number of Trump digital trading card sales per day on the OpenSea website has also declined, from a peak of 6,661 on December 17 to just 529 on December 22 and 260 on December 23.

Donald Trump speaks at Mar-a-Lago, Florida
Former U.S. President Donald Trump speaks during an event at his home in Mar-a-Lago November 15, 2022 in Palm Beach, Florida. On December 15, Trump began selling a collection of digital trading cards.
Joe Raedle/GETTY

NFTs are virtual works of art whose ownership is recorded on blockchain, a peer-to-peer mass network of computers that uses the same technology as cryptocurrencies such as Ethereum.

Earlier this month, Trump announced he would be making an “important announcement” through his Truth Social website that many commentators assumed would be related to his bid for the 2024 presidential election.

Some prominent Trump supporters were upset when the announcement was revealed to be about digital trading cards, which the former president described as “very similar to a baseball card, but hopefully a lot more exciting.”

In response to his podcast, right-wing commentator Steve Bannon, formerly Trump’s chief White House strategist, said “I can’t do this anymore,” before saying whoever dreamed up the cards “should be fired today.”

The cards also drew mockery online, when politics professor Eddie Zipperer asked if they were “some kind of meme mocking Trump.”

On Friday, Trump said he decided to issue the trading cards because he simply “loved the art.”

Speaking to conservative network OAN about the NFTs, the former president said: “Well I didn’t know about them and then a group came along and I loved the art. They showed me the art.

“You know, it’s kind of comic book art if you think about it, but they showed me the art and I said, gee, I’ve always wanted to have a 30-inch waist.”

On December 22, the House Select Committee investigating the January 6 attack on Congress and related attempts to overturn the result of the 2020 presidential election released its final report.

It concluded that Trump was the “central cause” behind the storming of Capital Hill by hundreds of his supporters on January 6, 2021.

Trump has firmly denied any wrongdoing and insists he asked his supporters to be “peaceful” on the day. The committee has referred Trump to the Justice Department for prosecution in four cases, although this is not legally binding.

news week has reached out to a Trump spokesman for comment.

https://www.newsweek.com/donald-trumps-trading-cards-have-lost-this-much-value-one-week-1769495 Donald Trump trading cards have lost so much value in a week

Rick Schindler

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