The floor price of original Trump Digital Trading Cards has shot up to a new all-time high following a failed assassination attempt against the former U.S. president.

The non-fungible token collectibles on the Ethereum sidechain scaling solution Polygon rose to an all-time high of 933 MATIC ($502), according to data collected from multiple NFT marketplaces.

That has since cooled, with its floor price hovering around 762 MATIC ($410), data from NFT marketplace Magic Eden shows.

Just days prior, those same NFTs were trading for roughly half that, at $228 apiece. The second series of Trump Digital Trading Cards also rose 20% to 163 MATIC ($233).

It follows a day after Donald Trump was shot in the right ear by a 20-year-old shooter who was subsequently killed at the scene during a campaign rally in Pennsylvania on Saturday.

The crypto market sprang to life over the weekend after the dramatic scenes at the rally unfolded and were subsequently shared online.

While meme coins inspired by Trump saw a surge, trading fervor has also spilled over to other industry verticals, including blockchain betting platform Polymarket, where odds rose to 70% for Trump to take the White House in November.

NFTs formally launched by the former president in December 2022 and April 2023 have experienced mixed results since their release.

Each card typically depicts Trump in various heroic, patriotic, or fantastical scenarios. At the time of their release, the first edition promised a number of perks, including a meet-and-greet with Trump.

The Series 2 set, whose NFT artwork includes Trump carrying a championship pro wrestling belt, attempted to build on the success of the first series launch.

In April last year, the first edition of Trump's NFTs quickly plummeted after a second edition release more than doubled the collection's supply.

The former president has appealed to crypto holders on the campaign trail, accepting crypto donations in May after signaling he's "good" with crypto at a Mar-a-Lago event for holders of his NFT collection.

Source : Decrypt - Jul 15, 2024