ETH NFT Giants Stumble; Trump NFTs Maintain Momentum
The global NFT market has seen a decline in trading volumes, with a third consecutive week of decreasing activity.
However, former US President Donald Trump’s NFT collection has risen in popularity, with the Polygon network experiencing a 70% surge in sales in January.
This was largely due to the success of Trump Digital Trading Card Series 2, which saw a 25% increase in floor price.
Trump strategically launched his NFT collection in Bitcoin Ordinals, offering a bonus for buyers acquiring at least 100 Trump Mugshot NFTs.
Despite a 35% decline in Bitcoin Ordinals sales in January 2024, Trump’s NFT collection has managed to boost sales.
CryptoSlam reported a 22.5% drop in trading volumes, with total sales barely reaching $223 million for the last week.
(With inputs from Shikha Singh)
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