Is dinner with Trump a gimmick to promote NFT?

A recent announcement about a dinner event with President Trump for 220 top TRUMP holders stated that if the president does not attend, attendees may receive a limited NFT. This has sparked speculation about the true purpose of the event. Could it create a new market wave?

Launch a new NFT collection at dinner with TRUMP?

According to official information from the memecoin TRUMP team, the Trump Gala Dinner is an exclusive event for 220 top memecoin holders. The event will be held at Trump National Golf Club in Washington on May 22, 2025.

However, the organizers note that they have the right to change the date, time, and location, which raises questions for many about the certainty of the event.

What's more interesting is that Trump may not be present. Although the event is branded by him, the terms indicate that Trump may not attend. If the dinner is canceled or Trump is absent, eligible TRUMP holders will receive a limited edition NFT as compensation.

This further fuels speculation that Trump may leverage the event to launch a new NFT collection, following his previous NFT projects.

"President Trump may not attend the TRUMP Gala Dinner. In the event that the President is unable to attend or if the Gala event still takes place, then at our sole discretion, the event may be postponed to another date, or TRUMP holders eligible to attend the Gala and/or reception will receive a limited edition TRUMP NFT as a substitute."

Donald Trump's NFT Journey

Trump is no stranger to the NFT market. In early 2025, his NFT collection titled "Trump Bitcoin Digital Trading Cards" was launched with 160 artworks on the Bitcoin network.

Previously, in December 2022, Trump launched his first NFT collection called Trump Digital Trading Cards, marking his first step into the crypto space. The first collection, which includes 45,000 NFTs, quickly attracted attention thanks to Trump's personal brand. This collection raised about 648 ETH, equivalent to approximately 785,000 dollars at the ETH exchange rate at that time.

Then, Trump continued to launch Series 2 of the Trump Digital Trading Cards. This second release also quickly sold out. However, not everything went smoothly.

The value of the original Series 1 collection has been significantly affected. The rapid release of new collections has raised concerns about "diluting value" within the community, diminishing the appeal of previous NFTs.

According to data from OpenSea, the total transaction volume of Trump Digital Trading Cards has reached 17,167 ETH, equivalent to tens of millions of dollars – an impressive figure for an NFT collection.

Trump Digital Trading Cards | Source: OpenSeaBy April 2025, data from CryptoSlam shows that the trading volume of Trump Digital Trading Cards has dropped to only 2,000 dollars, in stark contrast to the peak period.

The sales volume of Trump Digital Trading Cards | Source: CryptoSlamThe Trump Gala Dinner may have effects that go far beyond the holder TRUMP, potentially impacting the memecoin and NFT markets. If Trump launches a new and successful NFT collection, it could revive interest in celebrity-led NFT projects.

On the contrary, if the event fails or the new NFT collection does not attract attention, this could increase skepticism about the sustainability of memecoin and NFT projects.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.

Dinh Dinh