Former U.S. President Donald Trump's 45,000 non-fungible tokens (NFTs), released in mid-December 2022, have experienced a dramatic price decline on secondary markets. After hitting an all-time high floor price of 0.79 ETH (approx. $940) on December 17, the collection's floor price has dropped to 0.15 ETH (approx. $180) as of December 29—a 81% slump in just 12 days.
Launch and Price Collapse
Trump launched the 'Trump Digital Trading Cards' series with an initial mint price of $99 per NFT. The floor price surged shortly after launch but quickly reversed course. According to OpenSea data, about 3,864 tokens (9% of the supply) are currently listed for sale, with over 15,083 unique holders. Among them, 9,801 wallets hold only one NFT, 2,556 hold two, 79 hold 45 or more (qualifying for an invitation to Trump's gala dinner in South Florida), four hold 60, seven hold 100, and one wallet holds approximately 1,000.
Trump's Defense: 'Not About Money, Just Art'
Despite the market rout, Trump expressed little concern in an interview with OAN. He said, 'I knew nothing about NFTs, then a group came and I loved the art. You know, it's sort of comic book art, but when they showed me the art, I thought: I always wanted to have a 30-inch waist.' He added, 'I heard someone said it was the investment of the year. I didn't view it as an investment. I thought they were cute.' Trump emphasized that the project was never about financial returns but about artistic appreciation.
On-Chain Activity and Sales Volume
The NFT series has generated 7,720 ETH (about $9.2 million) in total sales volume on OpenSea. On-chain tracking by the group 'Onchain Intrigue' reveals that a wallet labeled 'Trump NFT admin' moved 128 WETH (worth over $153,000) to six Polygon wallets on December 28. Trump had earlier predicted the cards would sell out in about six months, but they were completely sold out within six hours. He remarked, 'That might sell, that might sell. They thought it would sell in six months, it sold in six hours.'
Market Sentiment
The sharp volatility of Trump's NFTs has reignited debates over celebrity-backed digital collectibles. Critics argue such assets often lack intrinsic value and depend heavily on fleeting hype. Meanwhile, holders with 45 or more NFTs still look forward to attending Trump's dinner event, which may provide a floor for some investors. However, the ongoing floor price decline has left early buyers facing significant losses.