Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth 
Apple Downgraded by Jefferies Amid Weak iPhone Sales and AI Concerns 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
SoftBank Eyes Up to $25B OpenAI Investment Amid AI Boom 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Donald Trump recently announced the launch of his non-fungible token (NFT) trading card collection, and just hours after his announcement, all the items were sold out. Three days after the sale, the value of the digital cards grew to .49 ether (ETH), or about $578.
The price surge was based on statistics from the Opensea NFT marketplace. Apparently, Trump’s NFT trading cards are very popular, and in fact, shortly after the sale, statistics further showed that the collection has become the second-largest in terms of sales, next to Bored Ape Yacht Club (BAYC) NFTs.
As per Bitcoin.com, the former U.S. president’s NFT sales surged by 50.19% in just a little over 24 hours, and the recorded sales have already reached $3,597,251. The sales were for a total of 4,749 transactions with 1,839 buyers and 2,155 sellers.
Trump’s digital trading card collection’s floor price was 0.19 ETH which translates to $230. This is said to be more than double the initial mint price of $99. The NFT collection was declared sold out early Friday.
The Trump NFT collection is made up of digital trading cards featuring Donald Trump in different images, including an astronaut, a superhero, a cowboy, and even a Nascar driver. He personally promoted the digital tokens late Thursday and told people the limited items are great Christmas gifts.
They launched 45,000 cards for $99 each, and Trump’s announcement for his NFTs immediately drew criticism. He was mocked even by some of his allies. Among those baffled by the release of the tokens was Steve Bannon, a former White House chief strategist.
He said during his podcast that whoever convinced the former president to jump into the NFT business should be fired. “I can’t do this anymore,” he said in reaction to Trump’s video promoting the digital collectibles.
Meanwhile, CNN Business reported that it is not clear how much Donald Trump is taking from the sales of the Trump Card Collection. It was noted that the NFTs were licensed to NFT INT LLC and Trump himself does not own, manage or control the collection.
Photo by History in HD/Unsplash
