Donald Trump NFTs surge on news of his possible indictment

Non-fungible tokens (NFTs) related to former U.S. President Donald Trump have jumped over 30% in value over the past week.

The NFTs have soared amid a possible indictment and arrest of the former president.

As of press time, the Polygon-based Trump Digital Trading Cards were selling for over 0.59 ether (ETH), rising from last week’s 0.33 ETH level.

Over 735 Trump NFTs have been sold in this period, attracting 401 ether in trading volume, according to data from NFT marketplace OpenSea.

The former U.S. President is expected to be indicted in the coming days, as Fox News first reported on March 17. The charges against Trump will only be unsealed when he appears in court.

It’s believed that the charges could stem from a hush money payment made to adult actress Stormy Daniels at the height of the 2016 election.

Media reports have it that prosecutors are looking at two possible charges stemming from the incident: violations of campaign finance law, and falsifying business records as it was entered into Trump’s books as a payment to his lawyer for legal services.

Trump could be facing up to four jail for up to four years.

Reports also have it that Trump could be facing multiple other charges regarding classified documents he illegally kept at Mar-a-Lago, and false statements he made about it after.

Trump could also be facing charges about the January 6th riot at Capitol Hill.

Trump released the collection of 45,000 fantasy cards in December last year for $99 apiece, featuring images of him in a style similar to collectible baseball cards.

If indicted, Trump would be the first U.S. President to be indicted, but would not be the first President to be arrested as Ulysses S. Grant was arrested for speeding in 1872, according to the Washington Post.


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