Who is tripping over Trump Cards? 🦸

And, this new show called NFTme.

Author

Nisha Ramesh
December 19, 2022

Good Morning, Switchers 🌞

👋Welcome to Switch Daily.

We’re back on another monday morning after an eventful weekend. Did you happen to catch the Football World Cup finale last evening? Woah, man, what a nail-biting match it was—history book-level stuff. 🙌

Meanwhile, exciting things happening in the cryptoverse too. You might need to grab a bag of popcorn for this one. So, Amazon Prime video is out with a new series called NFTMe. It explores NFT culture and disruption worldwide.

The show features artists, collectors, and industry professionals from around the world discussing their experiences with NFTs and how the marriage of art and technology has improved their daily lives.

Currently, this show is streaming only in the US and UK, but the word is that there will be global rollout in 2023, watchout!

BTW, if you like reading this newsletter, give us a shout-out on Twitter and get your friends to subscribe. It will mean a great deal to us!

Here’s what we’ve got for you today:

  • Market pulse

  • Donald Trump's NFT collection

  • News to soothe Monday blues

  • Meme of the day

Market pulse 📈

The market is back to square one 🔙

Ending the week like how it started, it was a mixed session on 18 December, as the top cryptos by market cap were seen trading in shades of green and red. DOGE and XRP led the reds with losses of 1.01% and 1.35%, respectively. While TON led the greens, shooting up by 7.84%, BNB and SHIB were among the forerunners.

BTC and ETH also registered a marginal loss of (-0.23%) and (-0.32%), respectively. However, the Fear & Greed Index rose by three points to 29/100 as fears eased on the Binance liquidity crunch.

C'mon, aren't you gonna let your friends in on how the market is performing today?

Who is tripping over Trump cards?

Heard of Donald Trump?

We’re kidding 😅 who hasn’t heard of the living legend, the former US president Trump, right? So, here’s what he did, a couple of days ago, he mentioned that he was going to make a ‘major announcement’. Ooh, something to do with the presidential elections in the US—that’s what everyone thought.

And surprise, Trump posted a video of himself on his social handle and said that he had dropped a new NFT collection—Trump Digital Trading Cards at $99 each. 🫠And it will be issued by Polygon. He even got himself a separate website to sell his NFTs. Check it out!

The former president appears in various fantasy costumes and poses in the limited edition of 45,000 NFTs. And what can you do with these digital cards? That’s where it gets interesting.

For every Trump Card you own, you get a chance to:

  • Visit Donand Trump’s beautiful golf course

  • A date with Trump himself

  • Lots of signed goodies, etc, etc.

And who would want to buy these cards? 😜Looks like many are interested in Trump’s digital avatars coz all 45,000 of them were sold out on Day 1.

We did some further digging into how Trump’s NFTs are performing on the Dune dashboard and here’s what we found:

  • They happen to be the most traded NFTs on the Open Sea platform over the weekend.

  • According to OpenSea data, the collection's floor price is approximately 0.19 ETH, or $230, which is more than double the original mint price.

  • There are approximately 15.8K total holders, 65% (10K) of wallets only have one card.

  • On the other hand, 189 wallets currently hold 45 or more trump cards.

  • The largest holder has 1000 cards, and guess who it belongs to? Donald Trump’s own admin team. LOL.

  • Somebody bought 24 cards in the secondary market and paid a whooping 37 ETH (~₹40 lakh) for it.

  • More than 76% of the card holders do not hold any MATIC or wETH, this means that nearly 9.7K of them are crypto newbies.

Dune Analytics

Turns out, Trump’s new digital collection has more fan craze than Rajinikanth’s first day first show in India. Imagine having to pay $4,500 for only this 👇🏽

What’s hot? 🔥

Next in the line of countries introducing CBDCs, Kazakhstan's central bank suggested launching the in-house CBDC as early as 2023, with a phased expansion of functionality and commercialization lasting until the end of 2025.

Argentina's province of San Luis approved legislation allowing the issuance of its own stablecoin pegged to the US dollar. The token, known as the "Activo Digital San Luis de Ahorro," will be available to all province residents over the age of 18 and will be 100% collateralized in the province's liquid financial assets.

Raydium, a Solana DeFi protocol, announced early Friday that a hacker had gained control of the organization's "owner authority," and was using that access to drain Raydium's liquidity pools. A hacker stole over $2.2 million in digital assets from a Raydium pool, including $1.6 million in SOL.

Meme of the day!

Thank You,

See you later, folks. 👋

How did you like our content today?

Login or Subscribe to participate in polls.

Loving Switch Daily? Make sure to share it with your friends and spread the love 💙