In a shift towards digital assets, Donald Trump ventured into the world of cryptocurrencies and bitcoin by launching his initial series of digital trading card NFTs towards the end of 2022. However, the interest in these NFTs has notably dwindled since their release.

Recent data from The Block Data Dashboard indicates that trading volumes for NFTs have remained relatively stable in the past few months, although they remain significantly lower compared to the peak seen during the 2021 market surge.

Decline in Trading Activity

OpenSea's statistics reveal a stark decline in transactions over the past week, with no activity recorded. The trading volume for the first collection of 45,000 NFTs portraying the 45th president in a whimsical manner has plummeted by 99% over the preceding 30 days.

CryptoSlam's data highlights that Ethereum NFT sales amounted to $489 million in March, underscoring Ethereum's historical dominance as the preferred platform for NFT trading in terms of US dollar transactions.

Impact on Demand

As Trump, a prominent real estate figure and current presidential candidate, faces legal challenges related to alleged financial misconduct, the demand for his NFTs has been on a downward trend.

Despite a 57% decrease in trading volumes over the past month, the second installment of Trump's digital trading cards has shown improved performance compared to the initial release, as reported by OpenSea. A new collection featuring an exclusive dining experience with Trump at Mar-a-Lago, set for May 8 this year, has recently been introduced, offering a fresh opportunity for engagement with the former president's NFTs.