Biden, Trump meme coins are on wildly different trajectories

Biden, Trump meme coins are on wildly different trajectories

A meme coin parodying President Joe Biden is up almost 271% over the last 30 days. Meanwhile, digital assets tied to former President Donald Trump — scheduled to appear in criminal court Monday, April 15 — are plummeting in value.

Sales volumes for non-fungible tokens (NFTs) on Ethereum hit $536 million in the last 30 days, according to data aggregator CryptoSlam.

However, interest in the Trump NFTs seems to have waned as the twice-impeached GOP candidate faces a criminal trial in New York for allegedly falsifying business records.

Drastic drop

Trading volumes for Trump’s official NFT collection plummeted in value more than 99% in the last 30 days.

According to data from online NFT marketplace OpenSea, the trading volume of the 45,000 Trump Digital Trading Cards — featuring photoshopped images of the quadruple-indicted Republican — has dropped drastically in the last 30 days.

The NFTs, which sold for $99 a piece when launched in December 2022, have not recorded any trading activity in the past week.

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