Donald Trump NFT prices climb on reports of the former US president's looming arrest

• Donald Trump NFTs are surging on reports that the former president may be indicted.
• The total number of NFT sales spiked by double-digit percentages since the news.

Since reports emerged of Donald Trump's possible indictment, prices for the former president's non-fungible token collection have surged.

The floor price for the NFTs has jumped 26% in the past week, according to data from OpenSea, with the total number of sales increasing by double-digit percentages since the news of Trump's potentially imminent arrest.

The Trump Digital Trading Cards are selling for over 0.53 ether, or $929, rising from 0.41 ether, or $719, last Thursday.

The collection was announced in late December, with all 45,000 of the cards selling out shortly after launch.

The cards, which sold for $99 each, show Trump's face photoshopped into a series of macho cartoons. The collection is described as "incredible, hand-drawn art, inspired by President Trump's extraordinary life & career," according to the project's listing. On one NFT, the former POTUS is depicted in a suit, wearing an American flag cowboy hat and red boxing gloves, surrounded by gold bars with "TRUMP" engraved on each.

NFT buyers were also entered in a sweepstakes to win a 20-minute meeting with him at Mar-a-Lago. However, winners must cover their own travels expenses such as lodging and airfare.

The price pump follows reports that Trump is facing a Manhattan district attorney probe into whether he illegally paid off adult actress Stormy Daniels during the final days of his 2016 presidential campaign in exchange for silence over an alleged affair. The specific criminal charges prosecutors could seek, however, are still unknown.