Former U.S. President Donald Trump’s NFT collections trading volume spiked by more than 3700% following his surrender to authorities in Georgia on Aug. 24.
According to Coingecko data, the former President’s collection Series 1 and 2 trading volume jumped by roughly 300% and 3,750% in the last 24 hours to 18.89 ETH ($31,429) and 9.88 ETH ($16,361), respectively.
The increase in sales volume boosted the collection floor prices, with the first collection’s floor price and market capitalization rising to $313 and $14.07 million. Likewise, the second collection saw its floor price and market cap climb to $50 and $2.3 million.
Meanwhile, this marks another instance of a Trump-related event influencing the value of his NFT collections. Earlier this year, the sales volume of the former President Series 1 collection rose 461% after a grand jury indicted him.
President Trump posts mug shot on X
On Aug. 24, former President Trump shared a mug shot of himself on the social media platform X (formerly known as Twitter), marking his return after an absence of over two years.
