On August 27, 2024, former U.S. President Donald Trump released the fourth series of his NFT trading cards, titled "Series 4: The America First Collection."
This new collection quickly gained popularity, registering over 22,000 sales on the Polygon network within the first day, generating over $2.17 million in revenue. Each NFT is priced at $99, and this initial figure represents only 6% of the total possible supply of 360,000 NFTs.
If the entire collection sells, it could generate over $35 million.
Despite this success, NFTs cannot currently be traded on secondary markets until January 31, 2025.
This release follows Trump’s changing stance on cryptocurrencies, as he has recently been cozying up to the crypto community by accepting campaign donations in digital assets and interacting with crypto company executives.
Trump’s previous NFT collections, released in December 2022, realized mixed financial results for buyers. While the first series saw significant gains, the second and third collections suffered losses at minimal prices.
The final week of July is shaping up to be a pivotal one for global markets, with multiple high-impact U.S. economic events lined up that could trigger volatility across stocks, bonds, and crypto assets.
Cryptocurrency ownership in the U.S. has grown steadily over the past few years, but it remains far from widespread.
The final days of July could bring critical developments that reshape investor sentiment and influence the next leg of the crypto market’s trend.
Tyler Winklevoss, co-founder of crypto exchange Gemini, has accused JPMorgan of retaliating against the platform by freezing its effort to restore banking services.