Trump’s $499 Bitcoin-themed sneakers sell out swiftly, resell prices spike to $2500

Former US president Donald Trump’s Bitcoin-themed sneakers have already sold out, according to the Trump Sneakers website.

Launched on July 31, the 1,000 pairs of the bright orange version of the Bitcoin-themed sneakers were priced at $499 per pair for pre-order and, within a few hours of their release, were all sold out.

The site also offers several other sneaker models, including black high-tops, priced at $299, and orange low-tops, also at $299. Fifteen pairs of the black model and four pairs of the orange low-tops will feature Trump’s signature.

Notably, pre-orders for these sneakers are already being resold on eBay for up to $2,500, with sellers promising delivery between September and November.

In addition to the sneakers, Trump’s website offers various Trump-themed items, including perfumes and other merchandise featuring Trump’s slogans and American flag designs.

The website shows that CIC Ventures LLC is licensed to use Trump’s name and likeness. However, it clarified that it is not connected to Trump’s political campaign, and the sneakers are neither designed nor sold by Trump or his associates.

Trump’s pro-crypto move

This release follows Trump’s recent speech at the Bitcoin 2024 conference in Nashville, where he vowed that the US government would “never sell” its 210,000 Bitcoin holdings and any future acquisitions. He also promised policies to elevate America as a Bitcoin and crypto “superpower.”

Over the past months, Trump has made a strong pivot towards the emerging industry in his bid to get re-elected to the White House. Notably, he promised to fire the US Securities and Exchange Commission (SEC) chair, Gary Gensler, and initiate several pro-crypto policies to strengthen its growth.

These promises have positively impacted his standing among major crypto stakeholders, including Gemini co-founders Cameron and Tyler Winklevoss, Ark Invest CEO Cathie Wood, and others who have supported him.

Furthermore, Polymarket, the prominent crypto betting platform, shows that Trump remains in the pole position to win the November elections despite a recent decline. According to the platform, Trump retains a significant 55% odds of being president, down from the 72% recorded on July 16.

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