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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    CryptoPunks and Pudgy Penguins Draw Major Sales

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

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    CryptoPunks Floor Price Hits 3-Year High of $208,000

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    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    Early Off the Grid Skin Holders Are Cashing In – Will You?

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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Home NFT

Trump’s Latest NFTs Top $2 Million in Sales—With Only 5% Sold So Far

August 29, 2024
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Trump’s Latest NFTs Top $2 Million in Sales—With Only 5% Sold So Far
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Donald Trump’s fourth NFT collection is either doing great or terribly one day after debuting. It just on depends how you look at it.

It is no small feat that the collection of digital trading cards—which features the former president in a plethora of fantastical poses and costumes—has managed to rake in over $2 million worth of sales since Tuesday’s debut in a weakened NFT market.

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CryptoPunks and Pudgy Penguins Draw Major Sales

CryptoPunks, the most valuable and prestigious NFT collection by a country mile, did less than half of that volume in the last 24 hours ($754,000, according to NFT Price Floor).

But considering the enormous size of the collection, relatively few people have opted to buy into Trump’s latest crypto gambit at this point. Only about 20,700 of the “America First Edition” digital cards have been minted on Ethereum scaling network Polygon, out of a potential 360,000.

For most, if not all NFT collections, selling only 5.7% of your total supply after a day or so would all but certainly be considered a pretty dismal failure.

When Trump initially came on the NFT scene, his first two collections sold out rapidly. They were far smaller, though, consisting of 44,000 and 46,000 NFTs, respectively. Then the Republican presidential nominee—or at least the company licensed to use his imagery—opted to go bigger last December, offering up 100,000 NFTs in his third collection. Only about half of them sold.

See also  Record-Breaking Daily Active Wallets, TVL, and NFT Trading Volume

If Trump eventually sells out his latest NFT project, the project will ultimately rake in $35.6 million, at $99 per trading card. While the project’s actual haul is (as of yet) substantially lower, though, it’s certainly not chump change.

Those funds will not be used to finance the entrepreneur’s presidential campaign, according to the project website. But they may be spent to fulfill the various bonus perks offered to NFT buyers, such as attendance at a gala dinner with Trump, golden Trump-branded sneakers, and a piece of the suit Trump wore during his recent debate with President Joe Biden.

This latest batch of Trump NFTs can also not be resold on secondary marketplaces until January 31, 2025, echoing a similar limitation placed on the last collection.

That caution may not have been misguided. On Wednesday, the popular NFT marketplace OpenSea—on which Trump’s new collection is currently listed—revealed that it recently received a Wells Notice from the U.S. Securities and Exchange Commission (SEC).

This means, in the words of company co-founder and CEO Devin Finzer, that the agency plans to sue “because they believe NFTs on our platform are securities.”

Edited by Andrew Hayward

Tags: LatestmillionNFTsSalesWithSoldTopTrumps

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Penguiana announces Memecoin token presale for $PENGU scheduled 4 May 2024

May 3, 2024
Long-Term Holders Buy $1.35 Billion Worth Of BTC

Long-Term Holders Buy $1.35 Billion Worth Of BTC

October 12, 2023
Deutsche Telekom, MultiversX Teamed Up for Novel Web3 Experiences

Deutsche Telekom, MultiversX Teamed Up for Novel Web3 Experiences

October 24, 2023
Bitcoin: Why a dip to $66k might be necessary for BTC’s next move

Bitcoin: Why a dip to $66k might be necessary for BTC’s next move

October 23, 2024

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