Trump Eyes Fourth NFT Collection As Crypto Donations Surge
Former President Donald Trump has discussed plans for a fourth NFT collection, emphasizing the need for U.S. leadership in cryptocurrency and highlighting growing support from the crypto community for his reelection campaign.
Trump To Continue NFT Run
Republican presidential candidate Donald Trump is considering the launch of a fourth non-fungible token (NFT) collection. This announcement comes on the heels of a successful series of previous NFT releases.
In a recent interview, Trump highlighted the positive reception of his earlier collections, stating,
“The whole thing sold out: 45,000 of the cards. And I did it three times [and] I’m going to do another one, because the people want me to do another one.”
Previous Teases and Current Commitment
In May, at a gala for his mugshot NFT holders at Mar-a-Lago, Trump hinted at the possibility of a fourth collection but remained non-committal, emphasizing the importance of supply and demand.
He remarked,
“One did great, two did great, three did great. At some point maybe that turns around.”
His recent comments, however, indicate a stronger commitment to proceeding with another collection.
Shift in Crypto Stance
Trump, once a vocal critic of cryptocurrency, has shifted his stance significantly. He now sees the United States' leadership in the cryptocurrency space as crucial.
The former president has expressed concerns about other countries, particularly China, dominating the crypto sphere if the U.S. does not take a proactive role.
He claimed that the crypto industry was in its infancy and should be nurtured in the United States instead of allowing another country to take the lead in this sphere.
Trump has also announced his choice of running mate, pro-Bitcoin Senator J.D. Vance (R-Ohio), reinforcing his growing alignment with the cryptocurrency community.
Industry Support And Crypto Donations
The crypto industry has shown substantial support for Trump's reelection campaign. In May, his campaign began accepting crypto donations. According to a Wall Street Journal report, approximately $3 million of the $331 million raised by Trump’s campaign last quarter came from crypto contributions.
Notable figures in the crypto world, such as Kraken co-founder Jesse Powell and Gemini co-founders Tyler and Cameron Winklevoss, have donated significantly to Trump’s campaign and related super PACs, including the America PAC and pro-crypto Fairshake.
Recent Events and Market Reactions
Trump's comments follow an assassination attempt during a rally in Butler, Pennsylvania, which had a notable impact on the crypto market. On July 14, Cointelegraph reported that the Ethereum-based MAGA memecoin saw a rapid price spike from $6.31 to $10.36 immediately after the assassination attempt, boosting its market capitalization from $293 million to $469 million in less than 45 minutes.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
