The trading volume of former U.S. President Donald Trump's NFT collections experienced a significant surge of more than 3700% following his surrender to authorities in Georgia on August 24.
Coingecko data reveals that Trump's NFT collection Series 1 and Series 2 saw trading volume spikes of approximately 300% and 3750% respectively in the last 24 hours, reaching 18.89 ETH ($31,429) and 9.88 ETH ($16,361).
The heightened sales volume had a positive impact on the floor prices of the collections. The floor price and market capitalization of the first collection increased to $313 and $14.07 million respectively. Similarly, the second collection's floor price and market cap rose to $50 and $2.3 million.
This occurrence underscores the trend of Trump-related events influencing the value of his NFT collections. For instance, the sales volume of his Series 1 collection surged by 461% after he was indicted by a grand jury earlier this year.
In another significant development, on August 24, the former President shared his own mug shot on the social media platform X, formerly known as Twitter, marking his return after an absence of over two years.
