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The post-election surge in bitcoin and altcoin prices has extended to to non-fungible tokens (NFTs), which are witnessing a surprising revival. Digital collectibles, once struggling, are now boasting more than $180 million in weekly sales, according to NFT data tracker CryptoSlam. This marks a 94% increase in weekly sales, signaling renewed optimism in a corner of the crypto market that was once deemed nearly worthless.

This resurgence is likely tied to the anticipation of Donald Trump’s second presidency. A report from DappGambl last year revealed that 95% of NFT collections were valued at zero ether, highlighting the stark contrast to 2024’s current growth. Trump's business ventures in NFTs, including profits of $7 million from his own NFT trading card collections, may have reignited interest in the sector.

While NFT sales volume last week reached $93 million, over the last seven days average sale prices of NFTs have soared to $133.08 – marking an 87% increase from $71.11 the previous week.

Despite the recent upsurge in NFT sales, however, digital collectibles’ inherent market volatility and speculative character mean that sales figures from one week do not indicate a lasting trend. This short-term fluctuation is a key factor in the instability of the market.

The rapid price declines of NFTs have prompted market analysts to issue cautionary warnings to investors mulling re-entry in the space. As last year's DappGambl report highlights , “Amid stories of digital art pieces selling for millions and overnight success stories, it is easy to overlook the fact that the market is fraught with pitfalls and potential losses.”