The floor price of Donald Trump Winner Sweepstakes NFT has plunged by 94%, since its first sale on Jan. 12, to 0.122 Ethereum (CRYPTO: ETH), worth $192.

What Happened: Sweepstake NFTs feature images of Trump displaying a sign resembling a ticket, which outlines the prizes offered during the minting, such as a Gala dinner in Miami with Trump, a group cocktail at Mar-A-Lago, a one-on-one conversation with Trump, an hour of golf with the former president and two friends, as well as a Zoom call.

See Also In Benzinga India: Top Indian Apps That Give Bitcoin, NFT Rewards

The floor price of Gala dinner NFT has dropped to 1 ETH worth $1577, this was above 3 ETH worth $4,500 last month —  a drop of 65%. It should be noted that users had to mint 45 Trump NFTs at $99 each for a guaranteed dinner ticket.

According to OpenSea, the best offer received to buy stands at $0.0751 ETH. The total volume stands at 229 ETH with 821 owners and 29% unique owners.

In December, Trump unveiled Collect Trump Cards, an online website releasing 45,000 NFTs of the former president. 

The collection is made up of 45,000 individual collectibles and was sold out for $4.45 million within a day of launching. Originally priced at $99 apiece, individual NFTs have since fetched considerably higher prices due to the incredible demand. 

Read Next: Dogecoin Rises On Musk Effect, Bitcoin, Ethereum Slide: Analyst Says Inflation Risks 'Need To Go Away' Amid Regulatory Fears