Hey there, I trust you had an exciting weekend!
Word on Crypto Street! Did you hear about the recent news regarding former US President Donald Trump? It turns out that he has been officially indicted by a Manhattan grand jury on around two dozen counts, relating to business fraud. This is a big deal, as it's the first time in American history that a former president has been accused of criminal wrongdoings. But that's not all - it looks like the price of Trump's NFT collection, known as Trump Digital Trading Cards, has been steadily decreasing since the news broke. According to data retrieved by Finbold on April 4th, the floor price of the collection was 0.599 Ethereum on March 31st, but it's now down to 0.47 ETH (after briefly dropping to as low as 0.42 ETH on April 3rd), which means it has declined by 21.54%. The Trump Digital Trading Cards collection debuted in December 2022 with a total of 45,000 NFTs, and each card cost $99 during the early entry period. The cards feature the former US president as various heroic figures, but the company that created them has made it clear that he does not "own, manage, or control" them in any way.
Despite this NFT collection, Trump wasn't always a fan of cryptocurrencies. He once called them "highly volatile" and "based on thin air," facilitating "unlawful behavior, including drug trade and other illegal activity." He even referred to Bitcoin as a "scam" in 2021. However, all the proceeds from the sales of his NFT collection are now set to go straight to him.
What do you think about all of this? It's an interesting situation to keep an eye on!
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