Donald Trump Return to X Fuels Surge in NFT Sales Following Mugshot Release

Former U.S. President Donald Trump unexpected return to the social platform X, formerly known as Twitter, has sparked a significant increase in the sales of his Non-Fungible Tokens (NFT). This surge in sales comes on the heels of the controversial release of Trump’s mugshot, following charges in Georgia related to alleged efforts to overturn the 2020 election results.

Trump’s comeback on X surprised many of his 86 million followers, as his last tweet on the platform was posted on January 8, 2021. His account had been suspended due to concerns over potential incitement of violence. Still, it was reinstated by Elon Musk after acquiring X. Trump had primarily communicated with his audience through his social network, Truth Social, until now.

The timing of Trump’s return to X was notable, as it coincided with his processing at Fulton County Jail, where he became the first former U.S. president to have a mugshot taken. This historic moment has driven supporters and crypto-enthusiasts to seek ownership of Trump’s NFTs, leading to a surge in sales.

According to Cryptoslam.io, Trump’s Digital Card series saw a staggering 426% increase in sales just one day after the release of his mugshot. Over the week, NFT sales related to Trump experienced an overall boost of 208%. So far, these NFTs have generated $20.68 million from nearly 47,552 transactions.

Approximately 14,016 digital wallets currently hold at least one Trump NFT, with an average ownership duration of 19 days. This trend highlights the growing interest among crypto-enthusiasts in owning a piece of this historic moment in Trump’s political career.

Trump’s unexpected re-entry into the X platform and subsequent events have made waves in the political domain and the cryptocurrency world. As the United States prepares for another election cycle, it remains to be seen how these digital transactions will continue to evolve and whether more surprises are in store.