Is Trump Gala Dinner an NFT promotion stunt?

4 Min Read
4 Min Read

The recent announcement of a private dinner event for Trump Meme Coin’s Top 220 owners said that if President Trump doesn’t attend, attendees may receive limited NFTs.

This sparked speculation about the true purpose of the event. Can we ignite the new market wave?

New NFT collection launch at Trump Gala dinner?

According to official details of the Trump Meme Coin team, Trump Gala Dinner is an exclusive event for the top 220 owners of Meme Coin. It will be held at Trump National Golf Club in Washington on May 22, 2025.

However, organizers have noted that they reserve the right to change dates and venues, raising questions about the event’s certainty.

Even more interesting, there is uncertainty about Trump’s participation. Despite the events that include his brand, the term says Trump may not be present. If dinner is cancelled or Trump is absent, eligible Trump holders will receive a limited edition NFT as compensation.

This fueled speculation that Trump could use the event to launch a new NFT collection and build on previous NFT ventures.

“President Trump may not be able to attend a Trump Gala dinner. If President Trump is unable to attend a Trump Gala dinner or if a gala dinner is held, in our sole discretion, Trump meme owners who are eligible for a gala dinner or reception will receive the limited edition Trump nft accompanying it.

Donald Trump’s NFT Journey

Trump is no stranger to the NFT market. In early 2025, Donald Trump’s NFT collection, “Trump Bitcoin Digital Trading Cards,” will debut on the Bitcoin Network with 160 copies.

See also  Ethereum and polygon blockchains lead weekly NFT sales as Bitcoin, Mitos and Solana keep pace

He debuted Trump’s digital trading cards in December 2022, marking an entry into the crypto space. The first collection, featuring 45,000 NFTs, quickly gained traction due to the Trump brand. We raised about 648 ETH, and about $785,000 according to the ETH rates on sale.

After that, Trump launched Series 2 of Trump Digital Trading Cards. The second round of Trump’s “digital trading cards” sold out quickly. But not everything went smoothly.

The value of the original Series 1 collection was hit hard. The rapid release of the new collection raised concerns in the community about “value dilution” and reduced the appeal of previous NFTs.

According to OpenSea data, the total trading volume of Trump Digital trading cards reached 17,167 ETH, equivalent to tens of millions of US dollars. This is an impressive number from the NFT collection.

Playing cards digital trading cards collection. sauce. opensea

By April 2025, Cryptoslam data shows that trading volume for Trump digital trading cards had dropped to just $2,000. This is in stark contrast to its peak.

Volume of playing cards digital trading cards sold. Source: Cryptoslam

Trump Gala Dinner has meaning beyond Trump’s ownership and could impact memecoin and the NFT market. If Trump launches a new NFT collection and succeeds, it could rekindle interest in a celebrity-led NFT project.

Conversely, if the event flop or new NFTs can’t gain traction, it could deepen skepticism about the sustainability of memecoin and NFT ventures.

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