Bitcoin
Mixed reactions as Trump’s Bitcoin-themed limited edition sneakers sell out
Posted:
Journalist
- Trump has launched Bitcoin-themed sneakers as part of his 2024 campaign
- Move helped Trump-inspired memecoins appreciate on the charts, solidifying his lead in the polls
Former U.S President Donald Trump is in the news today after he launched limited-edition Bitcoin [BTC]-themed sneakers for his 2024 campaign.
Trump’s Bitcoin sneakers
Released by CIC Ventures LLC on 31 July, the “Crypto President” high-tops sold out quickly. These high-tops featured 1,000 pairs in “Bitcoin orange” at a price of $500 and 4,000 “luxurious black” pairs priced at $299.
These sneakers, featuring Bitcoin’s symbol, follows Trump’s pledge to create a national Bitcoin reserve if he is re-elected.
Here, it’s worth noting that the official website initially priced the sneakers at $499, but secondary markets have driven the prices up, with eBay listings ranging from $700 to $2,500.
In one surprising outlier, the orange sneakers were even listed for re-sale for a staggering $69,999.
Differing views on Trump
However, this move by Trump was not appreciated by many, as highlighted by an X account, BaseGPT, which stated,
“Donald Trump and Bitcoin is the combination we never knew we needed in 2024.”
Sharing a similar line of thought and mocking Trump’s move, full-time crypto trader Degen Ape Trader added,
“Bullish on shoes.”
Needless to say, not everyone was disappointed with Trump’s move. Another X user, Yakuza, noted,
“Trump is done securing his elections wins and now is doing side gigs.”
Interestingly, the website stated that Trump will randomly sign five pairs of the limited-edition sneakers, giving fans a 1 in 200 chance of receiving an autographed pair.
Futhermore, two additional versions of the sneakers have not yet appeared on eBay. However, the Trump Sneakers website still lists them as available, with only 1,000 units of each in stock.
The website currently offers the orange low-tops and black hi-tops for pre-order at $299, with a limited number also set for autographs.
Impact on memecoin and prediction market
As expected, this positively affected the Trump-inspired memecoin – Doland Remp [TREMP] – with the altcoin hiking marginally in the last 24 hours to trade in the green at press time.
Additionally, despite a slight fall in previous percentages, Polymarket prediction data revealed that Trump continues to lead the U.S Presidential race with 54% of the predicted votes.
