Melania Trump hat auction crippled by cryptocurrency crash
An auction featuring a hat once worn my Melania Trump has come to an underwhelming head.
Earlier this month, the former first lady announced that a white hat she wore during a 2018 White House visit from French President Emmanuel Macron would be available to bidders as part of a “Head of State Collection, 2022″ that included a watercolor rendering of her wearing it in the form of a non-fungible token.
Bidding started at the equivalent of $250,000, though the purchase was to be made through a cryptocurrency using Solana tokens, which were at the time worth $170 each. However, that currency was valued at only $95 per unit when bidding commenced Wednesday.
Melania Trump selling NFT embodying her ‘passion for the arts’
Only a handful of bids were recorded, all said to have been around the minimum asking price. But due to the cryptocurrency’s price drop, that translates to about $170,000, which is $80,000 less than the minimum being sought.
The former first lady said in January that an unspecified portion of sales would be directed to help children in foster care.
