The trading volume of former U.S. President Donald Trump’s NFT collection has surged by 250% following the suspension of Florida Governor Ron DeSantis’ presidential campaign in favor of supporting Trump’s re-election bid. According to data from CryptoSlam, Trump’s Series 1 collection saw a remarkable 248% increase in trading volume over the last 24 hours, reaching nearly $90,000. In contrast, trading activities for his Series 2 collection and MugShot edition experienced significant declines during the same period, settling at $1406 and $414, respectively. CoinGecko data shows that the floor price for all these collections experienced an average 4% decrease during the reporting period.
DeSantis, a vocal advocate for the crypto industry, announced the suspension of his presidential campaign in a Jan. 21 video shared online. He expressed his support for Trump’s candidacy, acknowledging that a majority of Republican primary voters want to give Trump another chance. Throughout his campaign, DeSantis strongly supported Bitcoin rights and voiced concerns about U.S. regulatory measures affecting the cryptocurrency industry. He also opposes the idea of Central Bank Digital Currencies (CBDC) and has promised to prevent their development, leading Florida to ban the national digital currency. Trump shares DeSantis’s view on CBDCs and has vowed to oppose their introduction as well.
Ryan Selkis, CEO of crypto intelligence platform Messari, emphasized the importance of rallying support for Trump and surrounding him with individuals like DeSantis to ensure the future success of the crypto industry in the U.S. Selkis believes that bringing in individuals like DeSantis and Vivek Ramaswamy, rather than establishment figures like Nikki Haley, along with a GOP-controlled Senate, will pave the way for a bright future for crypto in the U.S. By supporting Trump and like-minded individuals, Selkis believes the crypto industry can thrive and grow.
In conclusion, the trading volume of Donald Trump’s NFT collection has seen a significant increase following the suspension of Ron DeSantis’ presidential campaign in favor of supporting Trump’s re-election bid. DeSantis, a strong advocate for the crypto industry, has thrown his support behind Trump, citing the desires of Republican primary voters. Both Trump and DeSantis oppose the concept of Central Bank Digital Currencies and have vowed to prevent their development. Ryan Selkis believes that supporting individuals like Trump and DeSantis, rather than establishment figures, is crucial for the success of the crypto industry in the U.S. By backing Trump and like-minded individuals, the future of crypto in the U.S. looks promising.
