KEY POINTS
Donald Trump is preparing to release a fourth series of non-fungible tokens (NFTs), according to an interview with Bloomberg.
In the interview, Trump described his previous NFT releases as “very successful.” Speaking about his first drop, he noted, “We had one year to sell it out and it sold out in one day. The whole thing sold out: 45,000 of the cards.”
Despite referring to the crypto and NFT industry as still being in its early stages, calling it a “baby” and an “infant,” Trump said, “I’m going to do another one, because the people want me to do another one.”
He emphasized the importance of embracing the industry since the beginning to prevent other countries like China from dominating it.
Trump has been active in the crypto space for some time. He released his first NFT collection in 2022, featuring trading cards with images of himself in various careers and settings.
This initial success led to the release of a second collection in April 2023. His third collection, titled “Mugshot,” included 47 digital cards and a unique physical card featuring a piece of the suit Trump wore during his arrest in Fulton County, Georgia, on August 24, 2024.
In May, Trump hosted a dinner at his Mar-a-Lago residence for NFT holders of his Mugshot collection. During the same month, the value of his crypto asset holdings surged, reaching the $10 million mark. This increase was largely driven by his most significant holding, the MAGA memecoin, TRUMP, which hit a record high of $13.24 on May 27.
The impact of Trump’s activities in the crypto space extends beyond his NFT releases. The recent failed assassination attempt on him at a rally in Butler, Pennsylvania, had an unexpected impact on the crypto market. Following the incident, all Trump-linked memecoins experienced a price surge, with MAGA, the largest of these, rallying over 63% in just one day.
