- TV host Jimmy Kimmel criticizes collectors of Donald Trump’s NFT projects, calling them “suckers” and “freaks”.
- Despite Kimmel’s remarks, the floor price of Trump Digital Trading Cards on the Ethereum scaling network Polygon has doubled in a day.
- Trump’s pro-crypto comments during a VIP event at his Mar-a-Lago resort coincide with a political divide on crypto regulation between the Democratic and Republican parties.
TV host Jimmy Kimmel slams collectors of Donald Trump’s NFT projects, even as the market value of these assets surges. This comes amidst a political divide on crypto regulation.
Kimmel Criticizes Trump’s NFT Collectors
Jimmy Kimmel, the popular talk-show host, has taken a swipe at collectors of former U.S. President Donald Trump’s NFT projects, labeling them as “suckers” and “freaks”. This criticism comes at a time when the secondary market prices for these digital assets are experiencing a significant surge. The floor price of Trump Digital Trading Cards, minted on the Ethereum scaling network Polygon, has doubled over the past day to $434, according to data from NFT Price Floor. Nearly 90 NFTs from the collection have changed hands during this period.
Trump’s Pro-Crypto Stance Amidst Political Divide
Trump’s comments in favor of cryptocurrencies were made during a VIP event at his Mar-a-Lago resort. This comes amidst a clear political divide on the issue of crypto regulation. While President Biden has expressed his intention to veto legislation that would erase crypto custody guidance from the Securities and Exchange Commission, Trump has accused the agency of wrongly targeting cryptocurrencies. He stated, “[Gary] Gensler is very much against it, the Democrats are very much against it. But I’m good with it.”
Trump NFTs and Meme Coins
Trump’s NFT collections, which include nearly 200,000 unique collectible trading cards across multiple series, have seen a surge in sales. The second series of his collection witnessed 405 sales over the past day, despite being priced lower than the original sale price. Trump also commented on a Biden-themed meme coin on Solana, expressing his disapproval of its high market cap. However, similar to the price surge of his NFTs following Kimmel’s remarks, Trump’s negative comments only seemed to boost the value of the meme coin.
Conclusion
The recent events highlight the volatile and unpredictable nature of the crypto market. Despite criticism and political divides, the value of crypto assets like Trump’s NFTs and meme coins continue to surge. As the debate on crypto regulation continues, the market’s response to these developments will be closely watched.
