Nifty News: Trump’s NFTs tank, NBA star’s collection gone in 77 seconds and more...
After a sell-out launch that pocketed roughly $4.45 million from primary sales, former United States president Donald Trump’s NFT collection is already on a crash course towards earth.
Trump rolled out his odd-ball self-themed 45,000 NFT trading card collection on Dec. 16 for $99 a pop. The NFTs were all gobbled up within a couple hours of launch, and within the next two days the floor price shot up to an all-time-high of around 0.83 Ether (ETH), or $1,006 on OpenSea.
Since then however, the floor price has been volatile, while some in the community have highlighted that the NFT artwork may been plagiarized from other sources.
According to OpenSea data at the time of writing, the floor price sits at 0.2 ETH ($242), marking a hefty retracement of roughly 75%.
Trump NFTs Tanking as Hype Dies, Floor Price Down 70% https://t.co/gFAQLguJbl
24-hour trading volumes have also dried up significantly, going from around 1,541 ETH ($1.8 million) on Dec. 18, to just 14.37 ETH ($17,402) by Dec. 21.
Another big celebrity name jumped on the NFT bandwagon this week. NBA hall of famer and Chicago Bulls great Scottie Pippen launched a NFproject that sold out in just 77 seconds.
The drop dubbed “Scottie Pippen SP33” consists of 1,000 unique NFT Metaverse wearable sneakers which went for a mint price of 0.2 ETH ($241). The NFTs are Ethereum-based and said to be compatible with “just about any ecosystem.”
The floor price has since risen to 0.42 ETH ($507) according to OpenSea data, and the project has generated 211 ETH ($255,000) worth of trading volume since Dec. 21.
A limited number of randomly chosen hodlers will also receive bonus benefits, with 33 receiving a physical pair of sneakers, two getting the chance to play golf with Pippen and
Read more on cointelegraph.com
