US presidential election contender Donald Trump recently debuted his fourth NFT collection called “Series 4: The America First Collection.” It was well-received with hype and hoopla by users on social media.
So, does this mean the novel trading cards have been selling like hot pancakes or have Trump-themed NFTs lost their charm?
Well, let’s delve into on-chain data to see how the collection has been faring.
The latest collection has managed to amass 22,310 sales on the Polygon network. That translates to over $2.2 million keeping the mint price of $99 per NFT in mind.
As such, this accounts for only ~6% of the aggregate supply of 360,000 NFTs. The revenue would cross the $35 million threshold if all digital cards end up being minted from the collection.
That being said, it should be noted that the latest NFTs cannot be sold on secondary markets right now. The cards are prohibited from trading until Jan. 31, 2025.
Similar to the initial collections, even the latest NFT collection depicts Trump in several poses and costumes.
Trump teased the launch of the fourth collection last month. At the time, he highlighted that all of his previous launches were all successful. He further asserted that he had “one year to sell it all out and it sold out in one day. The whole thing sold out: 45,000 of the cards. And I did it three times.”
Trump also stressed on the importance of supply and demand while underlining how “one did great, two did great, three did great.” In retrospect, he launched the third one because “people” wanted him to do another one. He exclaimed, “It's [an] unbelievable spirit. Beautiful.”
