Trump attracts encryption users again, BTC-themed sneakers are resold at five times the price after being sold out by scalpers.

Author: Weilin, PANews

On the evening of July 31st Beijing time, Donald Trump, the Republican presidential candidate, announced a series of athletic shoes with BTC themes on his social media platform, Truth Social.

As soon as the news came out, the most popular high-top BTC orange-themed sneakers, originally priced at $499, sold out within 3 hours. Subsequently, there were scalpers on the shopping website eBay, with over ten open orders, and the highest price was pushed up to $2500.

This is not the first time Trump has “pumped” shoes, but after the BTC 2024 conference, in Trump’s eyes, Cryptocurrency and encryption users have become one of the focal points for his vote pump.

Trump Sells BTC-Themed Sneakers, Scalpers Drive Price up to $2500

On the evening of July 31st, on Truth Social, Trump called the sneakers limited edition, each pair has a number, and now can be paid with BTC or the user’s favorite Cryptocurrency. The website () shows that there are 1000 pairs of sneakers in a single series, and the orange high-top series is priced at $499, while the orange low-top and black high-top sneakers are priced at $299 each.

As soon as the news came out, it quickly attracted many buyers. 1000 pairs of BTC orange-themed high-top sneakers were sold out within 3 hours. Currently, on the shopping website eBay, scalpers have speculated the price of these shoes to be $2500, with a minimum of $700. There are a total of 13 open orders, and some have set the selling price at $69999 for fun.

It is worth following that although most Makers on eBay promise to ship the shoes to the buyers once the sellers receive the shoes, expected to be between September and November. Most sellers seem to have high buyer ratings, but more than one seller has been accused of ‘eyewash’ in the buyer feedback section. It is currently unclear whether these potential transactions comply with the law.

Currently, the orange low-top and black high-top versions are still available for pre-sale on the official website, priced at $299 per pair.

After the BTC2024 conference, Trump promotes the slogan ‘encryption president’.

Now, the BTC-themed sneakers have become a special marketing tool for Trump. It is worth noting that these sneakers are printed with the slogan, ‘Trump, Crypto President’, which is consistent with Trump’s speech at the conference. In addition, the official website states that 5 pairs of limited edition high-top orange sneakers will be randomly signed by Trump, meaning that Trump sneaker enthusiasts will have a 1/200 chance of receiving a signed pair. This is intended to further attract users and demonstrate the collectible value of these shoes.

This is not the first time Trump has “brought goods”. As early as February 17th of this year, Trump gave a speech at a sneaker exhibition held at the Philadelphia Convention Center, and displayed a pair of golden “Trump” brand sneakers on the stage, naming them “NEVER SURRENDER HIGH-TOP SNEAKER”. “This is something I’ve been talking about for 12 or 13 years, and I think it will be a huge success,” Trump said in his speech.

The golden high-top sneakers with elements of the American flag and the uppercase English letter ‘T’ representing Trump are sold online for $399. Limited issuance of 1000 pairs. At the Philadelphia shoe exhibition, a man auctioned off a pair of ‘Trump Gold Boots’ for $9000.

Currently, Trump’s website also lists more than a dozen other styles of footwear, including golf shoes, low-top sneakers, slippers, as well as two perfumes and a cooler, all of which support BTC and credit card payments. According to the website, the sales revenue from these shoes will not be used as political donations.

On July 28, at the BTC2024 conference, Trump stated that BTC Market Cap will surpass gold; if elected, he will make Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), step down; he will keep BTC as a strategic reserve with government stake, etc. Through his speech, Trump hopes to attract further support from the encryption community.

For example, on July 31st, well-known investor and serial entrepreneur Gary Cardone announced that he had donated 12.8 BTC, worth about $852,000, to the Trump administration. According to David Bailey, a Trump campaign assistant, the Trump campaign team raised $21 million during the 2024 BTC conference.

In addition to releasing BTC-themed sneakers, Trump will also release the fourth series of Non-fungible Tokens in the future. As of 1:00 PM on August 1st, the Floor Price for the first series of Trump digital trading cards has dropped by 4.46% in the past 24 hours, but the 24-hour volume has pumped by 145.59%. For the second series, the Floor Price has dropped by 3.74%, and the volume has pumped by 136.71%. For the third series (MugShot Edition), the Floor Price has dropped by 2.95%.

On July 17th, according to an interview published by Bloomberg Businessweek, Trump plans to launch his fourth Non-fungible Token series. In the interview, Trump mentioned that his previous Non-fungible Token collectibles were ‘very successful’ and sold out within a day: ‘Sold out completely: 45,000 cards. I’ve launched it three times, and I will launch it again because people want me to.’