An amusing cryptocurrency that satirizes President Joe Biden has surged by almost 271% in the past month. Meanwhile, digital assets linked to former President Donald Trump, who is slated to appear in criminal court on Monday, April 15, have witnessed a significant decline in their worth.
The sales figures for non-fungible tokens (NFTs) on Ethereum have reached $536 million in the last 30 days, as reported by data aggregator CryptoSlam. Nonetheless, interest in the Trump NFTs appears to have dwindled as the twice-impeached GOP contender confronts a criminal trial in New York for allegedly falsifying business records.
Sharp Decrease
The trading volumes for Trump’s authorized NFT collection have plunged by more than 99% in the past 30 days. According to information from the online NFT marketplace OpenSea, the trading activity of the 45,000 Trump Digital Trading Cards — showcasing edited images of the quadruple-indicted Republican — has markedly decreased over the past month.
These NFTs, initially priced at $99 each when introduced in December 2022, have witnessed a complete absence of trade in the past week.
Similarly, digital assets inspired by Trump’s persona are struggling. A comedic coin influenced by his famous slogan, “Make America Great Again,” has experienced a loss exceeding 4% in its value within the last 24 hours.
The MAGA coin has also seen negative trends over seven and 30 days. Data from CoinGecko indicates that the humorous token’s value has dropped by almost 25% over the previous 30 days and around 21% across seven days. However, it did show growth of nearly 18% over a 14-day period.
In contrast, the parent firm of Trump’s right-leaning social media platform — Trump Media & Technology Group Corp. — has incurred a loss of approximately $4.5 billion in market value since its public listing on March 26.
On another note, as the MAGA coin faces a decline, another satirical cryptocurrency spoofing President Joe Biden — referred to as Jeo Boden (BODEN) — has been achieving significant gains. CoinGecko data reveals that the BODEN coin has surged by 24.4% in the last 24 hours and is presently trading at $0.6792.
The value of the coin has also seen an increase of nearly 63% over two weeks and an impressive rise of almost 271% over the past month. Currently, BODEN boasts a market capitalization of $475,326,682 and recorded a trading volume of $25,247,510 in the preceding 24 hours. It is essential to note that BODEN is not affiliated with the White House or the Biden campaign.