{"id":216283,"date":"2023-12-20T19:43:01","date_gmt":"2023-12-20T14:13:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=216283"},"modified":"2023-12-20T19:43:01","modified_gmt":"2023-12-20T14:13:01","slug":"trump-nft-collection-takes-hit-after-colorado-ballot-removal-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/trump-nft-collection-takes-hit-after-colorado-ballot-removal-crypto-news\/","title":{"rendered":"Trump NFT collection takes hit after Colorado ballot removal – Crypto News"},"content":{"rendered":"
\n

The Colorado Supreme Court\u2019s removal of<\/span>\u00a0former U.S. President Donald Trump from the state 2024 ballot has impacted the floor prices of his NFT collections.<\/p>\n

Data<\/a> from OpenSea shows that the former President\u2019s Collection Series\u00a01 tanked by 11% to 0.1505 ETH, or $333, following the news. The collection\u2019s market capitalization is approximately $15 million as of press time.<\/p>\n

Additionally, the trading volume for the collection declined by 68% to around $16,000 during the reporting period, according to CryptoSlam\u2019s data<\/a>.<\/p>\n

The floor price for his second collection rose by 4% in the last 24 hours to 0.03450 ETH<\/a>, or $76, according to Coingecko<\/a>. However, the trading volume for this series fell by 12% to $21,032 as of press time. This collection\u2019s market capitalization is currently at $3.57 million.<\/p>\n

This marks another instance of a Trump-related event influencing the value of his NFT collections. Earlier this year, the sales volume of the former President\u2019s NFT collection rose by more than 3700% after he surrendered<\/a> to authorities in Georgia and a Mugshot picture of him was taken.<\/p>\n

Subsequently, Trump used this event as inspiration for his new NFT collection launched<\/a> last week called the \u2018Mugshot Edition.\u2019 These NFTs link to physical memorabilia from his arrest, including the suit worn in custody.<\/p>\n

However, this one has not garnered significant interest like previous collections, generating only $500 in sales over the past day, according to data<\/a> from CryptoSlam.<\/p>\n

Colorado Supreme Court disqualifies Trump from 2024 election<\/span><\/h2>\n

On Dec. 19, the Colorado Supreme Court barred<\/a> former President Trump from the 2024 ballot over his role in the Jan. 6 Capitol riot.<\/p>\n

Consequently, the court ordered the Colorado Secretary of State to remove Trump\u2019s name from the Republican primary election,\u00a0citing the 14th Amendment. This amendment prohibits individuals who have taken a constitutional oath and subsequently \u201cengaged in insurrection\u201d from holding public office.<\/p>\n

\u00a0However, the decision has ignited several debates, with pro-crypto Presidential candidate Robert F. Kennedy Jr. arguing that the ruling should have every American concerned. He said<\/a>:<\/p>\n

\n

\u201cIf Trump is kept out of office through judicial fiat rather than being defeated in a fair election, his supporters will never accept the result. This country will become ungovernable.\u201d<\/p>\n<\/blockquote>\n

Trump is one of the forerunners for the forthcoming election, according to recent polling data<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Colorado Supreme Court\u2019s removal of\u00a0former U.S. President Donald Trump from the state 2024 ballot has impacted the floor prices of his NFT collections. Data from OpenSea shows that the former President\u2019s Collection Series\u00a01 tanked by 11% to 0.1505 ETH, or $333, following the news. The collection\u2019s market capitalization is approximately $15 million as of […]<\/p>\n","protected":false},"author":2,"featured_media":216284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-216283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/216283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=216283"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/216283\/revisions"}],"predecessor-version":[{"id":216286,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/216283\/revisions\/216286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/216284"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=216283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=216283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=216283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}