Trump's 'Mugshot' NFTs Ignite Surge in Previous Digital Asset Prices

• Announcement of New $99 NFT Collection by Donald Trump
• Special Offers for Purchasing 47 Trump Cards
• Unique Features of the NFT Collection
• Performance of Previously Issued Trump NFTs
• Trump's Previous Endeavors into Cryptocurrency
• Revenue from NFT Sales

Announcement of New $99 NFT Collection by Donald Trump

Donald Trump, the former U.S. president, has brought forward a new NFT collection titled Mugshot Edition. This collection is an allusion to his past legal issues and has caused a surge in the prices of the non-fungible tokens he previously issued.

Special Offers for Purchasing 47 Trump Cards

Buyers who secure 47 or more Trump cards - a significant number as Trump would become the 47th U.S. president if elected next year - will be offered a dinner at Mar-a-Lago with the former president himself. In addition, these buyers will receive a fragment of the suit worn by Trump during his mugshot after his arrest in August.

Unique Features of the NFT Collection

According to the NFT project's official website, some cards in this edition will be unique 'one-of-ones', the single instance of their kind worldwide. There is also the possibility that some cards may be personally signed by Donald J. Trump.

Performance of Previously Issued Trump NFTs

Previously issued Trump NFTs experienced a dip to 0.1 ether (ETH), which is half of their original trading price of 0.2 ETH, following the announcement. However, base prices later increased to approximately 0.18 ETH, as per the data gathered by NFT marketplace OpenSea.

Trump's Previous Endeavors into Cryptocurrency

Despite being a cryptocurrency skeptic during his presidency, Trump initiated an NFT project named Trump Digital Collectible Cards last year. These cards displayed images similar to those found on baseball cards. In April, he launched a second series of these collectibles. Both collections were completely sold out.

Revenue from NFT Sales

As of early August, Trump held $2.8 million in a cryptocurrency wallet. This figure represents earnings from NFT sales and was disclosed in official documents that Citizens for Responsibility and Ethics in Washington, a governmental ethics watchdog, had access to.

Edited by Jonathan Stoker