A group of non-fungible tokens (NFTs) associated with former President Donald Trump has surged in value by more than 30% in the past week, with over 735 NFTs sold and a trading volume of 401 ether on OpenSea. The increase is likely due to reports of Trump's potential indictment and arrest, although the exact charges are unknown until they are unsealed in court. The charges could include violations of campaign finance law and falsifying business records.
Trump's collection of 45,000 fantasy cards, featuring images of him in a style similar to collectible baseball cards, sold out for $99 each in December 2021. Collectors who purchased the digital trading cards were automatically entered into a sweepstakes to win experiences with Trump. On Polymarket, investors have priced the likelihood of a Trump indictment happening by March 31 at 68%.