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Trump NFTs surge amid indictment predictions

Trump NFTs surge amid indictment predictions

Even though NFT floor prices have gone up since March, prediction contracts on Polymarket about the indictment of the former U.S. president have become some of the most traded on the platform.

Trump released the collection of 45,000 fantasy cards featuring images of himself in a style similar to collectible baseball cards for $99 each in December of last year.

Collectors who purchase one of the digital trading cards will be automatically entered into a “sweepstakes” to win experiences with Trump, such as a zoom call, a dinner in Miami, or a cocktail hour at Mar-a-Lago.

In the past week, the value of a collection of NFTs related to former U.S. President Donald Trump has gone up by more than 30% in ether as people wait to see if Trump will be charged and arrested.

At the time of writing, Trump Digital Trading Cards based on Polygon were selling for more than 0.59 ether (ETH), up from 0.33 ETH the week before. According to data from the NFT marketplace OpenSea, over 735 Trump NFTs were sold during this time period, generating 401 ether in trading volume.

The price of NFTs is going up at the same time that there are reports that Trump could be arrested. On March 17, Fox News was the first to say that the former U.S. president is likely to be charged in the next few days. Since they won’t be opened until he goes to court, we still don’t know what the exact charges are.

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