Recent data from OpenSea reveals that there has been a complete absence of transactions in the past week. Although Donald Trump seemed to embrace cryptocurrencies and bitcoin after launching his initial collection of digital trading card NFTs in late 2022, the demand for these NFTs has significantly dwindled. While trading volumes for NFTs have remained relatively stable in recent months, they are still considerably lower compared to the 2021 bull market.
The performance of Trump’s first batch of 45,000 NFTs, featuring the 45th president in a caricatured manner, has been disastrous. OpenSea’s statistics indicate that there has been no activity in the past seven days, and the trading volume for these NFTs has plummeted by 99% over the previous 30 days.
On the other hand, CryptoSlam’s data reveals that NFT sales on the Ethereum network reached a total of $489 million in March. Ethereum has traditionally been the most popular platform for non-fungible tokens in terms of trading volume in US dollars.
As Trump, the real estate mogul who is seeking re-election this year, prepares for his upcoming criminal trial for alleged manipulation of company records to conceal hush money payments, the demand for Trump NFTs is declining. Despite a significant 57% decrease in trading volumes over the past month, the second edition of Trump’s digital trading has fared better than the first edition, as reported by OpenSea. A new collection, which recently dropped and is scheduled for May 8th this year, offers the opportunity to dine with Trump at Mar-a-Lago.
In other crypto news, it has been revealed that Hong Kong is on the brink of approving spot Ethereum ETFs ahead of the United States. This development holds significant importance for the crypto market. 
