Former US President Donald Trump’s recently launched NFTs are trading 80% below their peak. The collection’s floor price has fallen to 0.19 ETH from a peak of 0.84 ETH in less than two weeks.
According to Opensea InformationThere are 15,071 owners of NFTs, which means it has a 33% private ownership ratio and a total volume of 7808 ETH.
However, it is not only land prices that have come down. Daily sales are also down 99% from their peak. This shows that the momentum is fading. Cryptoslam Information Sales are down 39% to $45,570 from 170 transactions in the last 24 hours. One-week sales volume is down 94% and currently stands at over $386,170.
Despite its drop in value, NFTs are still trading above the $99 bid value, which is around 0.083 ETH. So, early buyers are still in the green.
Donald Trump NFTs are getting a lot of criticism
Since its inception, the program has attracted many people Reviews. One of the criticisms was internal. On-chain analyst OKHotshot revealed that 1000 NFTs were printed locally before the launch.
Although the project FAQ covers this, the main issue is that rare NFTs are part of those produced by creators. 26% of 1/1 NFTs and 28% of autographed NFTs Printed by the author.
Additionally, there are disputes about the provenance of the artwork used for NFTs. The collection says they are hand-painted. But A Twitter thread Matthew Sheffield showed that NFTs come from many photoshopped images.
Who owns the NFT collection?
Although the official website states that Trump is not the owner of the company that issued the NFTs, the company’s marketing says that Trump is the owner. The former president also mentioned that this is his official collection.
NFT International LLC launched a collection of 45,000 NFTs on December 15, with each NFT going for $99. It quickly sold out, with the company making $4.5 million in sales, while also receiving a 10% creator fee.
Although the company behind the collection says it is owned, “not managed or controlled” by the former president, the use of the Trump image suggests the former president has some connection to the project.
BeInCrypto has reached out to the company or person involved in the story to get an official statement on the latest developments, but has yet to hear back.