The lot of three items put up for auction earlier this month by former first lady Melania Trump failed to reach its desired monetary threshold of $250,000 for an opening bid.
When the auction for the three items -- a custom, wide-brimmed white hat worn by Trump during an official White House state visit, a watercolor of Trump wearing the hat and a non-fungible token of the illustration with animation -- ended Wednesday night, there appeared to only have been five total bids on the auction items, each around the minimum requirement of 1,800 Solana tokens, the cryptocurrency selected by Trump as the only way for interested buyers to pay.
While the minimum requirement of Solana tickets was met, the $250,000 threshold wasn't met because over the last two weeks, almost the entirety of the auction, the crypto market has taken a massive dive, with values of various currencies falling 20, 30 or even 40%, as was the case with Solana As a result of the lack of interest in Trump's items, an inflated opening bid amount and a plunging market, the"Head of State Collection" -- as Trump dubbed her lot -- appears to have...
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