Donald Trump's NFT Price Soared After The Emergence Of Mugshots

The price of non-fungible tokens (NFT) featuring Donald Trump has surged (photo: twitter @realDonaldTrump)

The price of the non-fungible token (NFT) featuring Donald Trump has surged after news of a photo of the former US President was revealed as part of a criminal case involving him in the state of Georgia, over alleged attempts to thwart voters' will in the 2020 presidential election.

According to data from the OpenSea NFT marketplace, the basic price of a series of Trump digital trading cards, which was first released in December 2022, increased by more than 62%, from 0.138 to 0.224 Ether on August 24, shortly after the former president's photo was announced.

The image, which shows Trump with an angry expression on camera when he turned himself in at Sheriff Fulton County's Office, went viral as the first mugshot of a still-in-chief US president or former president to face criminal charges.

Trump, who mostly restricts his social media activities on his Truth Social platform after being banned by Twitter (later referred to as "X") in January 2021 and then reactivated by CEO X, Elon Musk first posted on the platform after more than two years of using the mugshot photo.

https://t.co/MlIKklPSJT pic.twitter.com/Mcbf2xozsY

— Donald J. Trump (@realDonaldTrump) August 25, 2023

https://t.co/MlIKklPSJT pic.twitter.com/Mcbf2xozsY

A criminal case against Trump in the state of Georgia has indicted his former president and 18 allies as part of an organized crime scheme aimed at thwarting voters' will in an attempt to ensure he is re-elected president of the US in 2020, despite losing to Joe Biden. The indictment was announced on August 14, and prosecutors ordered all parties to turn themselves in to the Georgia authorities before August 25.

Trump emerged on August 24 and was released on a guaranteed $ 200,000 (IDR 3 billion). However, he is still facing federal charges in the District of Columbia for allegedly participating in a scheme involving fake electors to undermine the results of the 2020 presidential election.

He has also been indicted in a case of classified documents filed by the Department of Justice and a New York criminal case for allegedly falsifying business records related to secretly paying porn star Stormy Daniels.

While Trump is currently the Republican's lead candidate for the 2024 presidential election nomination by a sizeable margin, he did not appear alongside other candidates in the first party debate on August 23. Florida Governor Ron DeSantis who according to many polls is the Republican's main presidential candidate behind Trump has promised to ban the central bank's digital currency if elected.

Vivek Ramaswamy, who gained a lot of online attention for his performances in the debate, previously spoke at a Bitcoin 2023 conference in Miami and has called the 2024 election a "referendum to fiat currencies."