Crypto: Donald Trump NFT sales are up 251% following his arraignment

Former U.S. President Donald Trump’s nonfungible token sales are up 251% in the last 24 hours, according to data from CryptoSlam.

Around $46,648 worth of the NFTs were traded in the last 24 hours, around the time of his arraignment in New York City, which was set for 2:15 p.m. Eastern on Tuesday. He was indicted by a grand jury last week over alleged hush money payments to adult film star Stormy Daniels.

The former president’s NFT collection, which featured 45,000 NFTs, was first launched in December 2022, and sold out within 24 hours. The various Trump NFT cards include illustrated portraits of the former president surrounded by gold bars, him standing outside of the Trump tower with laser eyes, posing with a “Trumpworld” sign, and other such cartoons.

The NFT collection rallied after Trump was indicted last week. But the combined daily spike on Tuesday and last week’s tally still was far below its peak in December, with over $3 million in sales.

This post was originally published on Market Watch

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