Womp, Womp: Melania Trump’s NFT Hat Auction Doesn’t Go as Planned

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Womp, Womp: Melania Trump’s NFT Hat Auction Doesn’t Go as Planned
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The former first lady’s auction did not prove as popular as she had hoped.

” emblazoned on it to visit children separated from their parents, as a result of her husband’s policies? That she would take nearly a week to release a statement about a violent insurrection incited by her husband, and that the thesis of the statement would be that she was

? That she would leave the White House and get into…the blockchain business? No, we’re guessing she did not, but here we are.What do Melania Trump’s wide-brimmed white hat, a painting of her wearing the hat and an NFT of an animated version of the hat have in common? They were all put up for auction by the former first lady—and as of early Wednesday, failed to rake in the target price of a $250,000 opening bid.

When the auction concluded on Wednesday there were only five bids on the items, each around the minimum requirement of 1,800 Solana tokens. Although the minimum number of tokens was met, a steep dive in the crypto market over the last two weeks resulted in the final bid being approximately $170,000—about $80,000 short of the opening bid threshold.

When Trump initially announced the auction, she said a “portion” of the proceeds would go to charity, so it is a legitimate shame that the whole thing didn’t raise more money—made even more of a shame by the fact that the former first lady’s team has steadfastlyto say exactly how big that portion will be, with her office choosing not to respond to direct questions about it. As a reminder,

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