The 45th President of the United States has continued his Web3 campaign, with differing developments taking place. Specifically, Donald Trump’s second NFT collection has officially sold out as the prices on the secondary market have fallen. Subsequently, some expect the hype around digital art to fade slightly.
The newly released second set of Donald Trump-inspired non-fungible tokens (NFTs) sold out just a day after being introduced to the public. Moreover, the 47,000 tokens sold for $99 each while featuring limited one-of-one NFTs and autographed cards.
Second Wave of Trump NFTs Sell Out
Although he remains a rather divisive figure in the current political climate, his Web3 endeavors have once again proven fruitful. Subsequently, former US President Donald Trump’s second NFT collection has officially sold out. However, it has done so as prices on the secondary market have taken a hit.
The second collection also featured similar features to the first installment. Specifically, traders who acquired 47 tokens would be made eligible to have dinner with Trump at his Florida Mar-a-Lago estate. Conversely, traders who purchased 100 would receive the dinner and a unique collectible.
The second installment of Trump NFTs featured similar artwork and a similar reaction from consumers. Alternatively, the first set sold out within the first 24 hours of release, with the second set taking a little longer. Moreover, within the first 24 hours of the first set release of the NFT marketplace, OpenSea noted prices reaching 0.19 ether (ETH), or nearly $230, according to Coindesk.
Yet, the second installment is observing a floor price of about 0.053 ETH, or about $108. Consequently, where the first set was priced at more than double its original price on the secondary market, the second installment is just a few dollars above the mint price.