- January 8, 2025
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The non-fungible token (NFT) collection backed by President-elect Donald Trump launched its first 160 items, the “Trump Bitcoin Digital Trading Cards,” on Bitcoin (BTC) using the Ordinals protocol.
Users who acquired the 100 NFT cards from the “Mugshot Edition” and submitted their Bitcoin wallets are eligible for the claim through NFT marketplace Magic Eden. Users had minted 19 out of 119 available Ordinals as of press time, with the claim period lasting until Jan. 31.
Ordinals create unique assets on the Bitcoin blockchain by inscribing data onto individual satoshis, the smallest BTC unit. The Trump Bitcoin Digital Trading Cards used “Alpha sats,” the first satoshis of a Bitcoin block.
Users have already listed six Trump-inspired Ordinals on Magic Eden, with the lowest floor price currently standing at 0.25 BTC, while the most expensive Ordinal from the collection is priced at 9.8 BTC.
Although the Ordinals market cooled off in late May 2024, with monthly average Ordinals inscriptions ranging from 13,000 to 35,000 until November, it started picking up pace again by the end of the year.
According to a Dune Analytics dashboard by user Data Always, monthly average Ordinals inscriptions ranged from 54,000 to 92,000 last month.
Track record
Although this is the first Ordinals collection tied to Trump, the President-elect has a track record with NFTs, having launched several collections over the years, including four “Trump Digital Trading Cards” series, with pictures of him holding BTC and doing his notorious dance.
The latest edition, launched in August 2024 and called “America First,” included up to 11 benefits, such as gold Trump-themed sneakers and a dinner with Trump. According to the NFT Price Floor aggregator, users have not yet traded their items from this collection.
Over the past 90 days, the first edition of Trump-themed NFTs registered 2,180 sales, up 71.1%, while the volume fell 2.35% to $330,774.
Meanwhile, the second edition sales went up by 151% to reach 4,579, with the volume going up by 30%, totaling $147,605 in the same period.
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