Trading volume of former US President Donald Trump’s NFT collection surged 250% following the suspension of Florida Governor Ron DeSantis’ presidential campaign in favor of Trump’s re-election bid.
Data from CryptoSlam shows a remarkable 248% increase in trading volume of Trump’s Series 1 collection over the past 24 hours, reaching almost $90,000. In contrast, trading for its Series 2 collection and MugShot edition saw a significant decline over the same period, reaching $1,406 and $414, respectively.
Data from CoinGecko shows that the floor price for all these collections fell by an average of 4% during the reporting period.
DeSantis supports Trump
In a Jan. 21 video shared on X (formerly Twitter), DeSantis, an outspoken advocate for the crypto industry, announced he was suspending his bid for office in support of Trump’s candidacy.
“It is clear to me that a majority of Republican primary voters want to give Donald Trump another chance,” DeSantis admitted.
Throughout his campaign, DeSantis strongly supported Bitcoin’s rights and expressed concerns about U.S. regulatory actions against the cryptocurrency.
Florida’s governor is also strongly opposed to the idea of the Central Bank Digital Currency (CBDC). He vowed to “nix” the development of such currencies and led Florida’s ban on the nation’s digital currency.
DeSantis’ view on CBDC mirrors that of Trump, who recently pledged to oppose the introduction of such currencies.
Ryan Selkis, the CEO of crypto intelligence platform Messari, emphasized the importance of rallying support for Trump and surrounding him with individuals like DeSantis to enable the future success of the crypto industry in the US.
“It’s time to make 45 -> 47 and surround Trump with people like Ron DeSantis and Vivek Ramaswamy, instead of buying and paying neoconservatives like Nikki Haley. That + a Republican Senate is what we need for crypto to have a bright future in the US,” Selkis noted.