Former US President Donald Trump has made a dramatic return to the social platform formerly known as Twitter, now X, after a long absence. His return coincides with the controversial release of his mugshot, following accusations in Georgia related to alleged attempts to overturn the 2020 election results.
https://t.co/MlIKklPSJT pic.twitter.com/Mcbf2xozsY
— Donald J. Trump (@realDonaldTrump) August 25, 2023
This remarkable event has led to a significant increase in sales of Trump’s NFTs as supporters and crypto enthusiasts seek to own a piece of this historic moment.
From silence to spotlight: Trump’s comeback on X
While Trump’s last tweet on the platform dates from January 8, 2021his recent re-emergence came as a surprise to many of his 86 million followers. His earlier silence was attributed to his account being suspended over concerns about potential incitement to violence.
Although technology magnate Elon Musk reinstated the account after X’s acquisition, Trump had primarily chosen to engage with his audience through his social network. Truth social. His return to X was both dramatic and timely, just as he was treated at the Fulton County Jail, where he made history with the first-ever mugshot of a former US president.
The Trump NFT phenomenon
The sensational events surrounding Trump have had an interesting ripple effect in the crypto world. Cryptoslam.io revealed that just a day after the release of Trump’s mugshot, sales of his Digital Card series skyrocketed, with a daily increase of 426%. A broader look at the week suggests an overall 208% increase in NFT sales related to Trump.
To date, Trump’s NFTs raised $20.68 million from nearly 47,552 transactions. The numbers suggest a growing trend among crypto enthusiasts, with about 14,016 digital wallets holding at least one Trump card, and the average ownership length of just 19 days.
Trump’s unexpected appearance on X and the ensuing events not only made headlines in the political realm, but also left an indelible mark on the cryptocurrency world. As the US prepares for a new election cycle, it remains to be seen how these digital transactions will develop and what other surprises await us.