Can the “TRUMP DINNER” dinner make Trump and NFTs great again?

Deng Tong, Golden Finance

On April 24, 2025, TRUMP MEME officially disclosed that Trump's "TRUMP DINNER" dinner will be held in Washington on May 22 at the Trump National Golf Club in Washington, DC. The top 220 TRUMP token holders will be invited, and the top 25 token holders will enjoy a private VIP reception with Trump and a special VIP tour of the White House the next day. All participants must pass a background check and conduct KYC and compliance checks on their wallets. Guests are prohibited (only registered personnel can attend), and once the meeting information is submitted, it cannot be changed. The dinner was arranged by Fight Fight Fight LLC, and Trump will attend the dinner as a guest and will not raise any funds.

As soon as the news was announced, the price of TRUMP soared, reaching as high as $14.37. As of press time, TRUMP was at $12.37, up more than 33%.

Whales ready to move

According to Loonchain monitoring, after the news about the TRUMP dinner was released, a whale spent 5 million USDC to buy 407,467 TRUMPs at a price of US$12.27.

Then, the whale sold 407,467 TRUMPs at a total price of $5.73 million in less than half an hour, making $731,800 in less than 30 minutes.

Another long-term TRUMP liquidity provider removed liquidity from 2 wallets at more than 8 o'clock this morning, receiving 211,977 TRUMPs ($2.76 million) and 18,376 SOLs ($2.76 million). Now both wallets are among the top 220 holders, giving them the opportunity to receive two invitations to the TRUMP dinner. This person bought 332,424 TRUMP ($802,000) at $2.41 on the day of listing and added liquidity. At the peak, these tokens were worth more than $24 million.

However, some whales were not so lucky. According to on-chain analyst Ember, a TRUMP token investor liquidated his position about 20 hours before the good news was released, making a profit of only $483,000, while if he had held the position until the news was released, his theoretical profit could have reached $4.28 million.

Can Trump come back from the dead?

TRUMP has been disappointing in its long-term performance since its launch. After soaring to over $75 on its launch day, its gains were quickly pared as investors noticed the high concentration of tokens and the short exercise period - the token's market value rose to about $15 billion after its launch on January 17, but plummeted by more than 50% by January 20. Given that 80% of the supply was allocated to the founder and entities controlled by Trump, it is difficult to justify Trump's current market value of $2.6 billion.

TRUMP official market value (USD). Source: CoinMarketCap

Although Trump's activities have boosted short-term trading volume, it is difficult for the price of the currency to have a substantial increase or decrease due to a certain dinner. The current surge is a market trend achieved under the dual blessing of market speculation and Trump's "selling feelings". In the long run, unless TRUMP can alleviate investors' concerns about token unlocking, it will be difficult to reverse its long-lasting flat trend.

Not just Meme coins, can Trump make NFT great again?

TRUMP's official terms and conditions show that President Trump may be absent. If the dinner is canceled or he fails to attend, eligible TRUMP holders will receive a limited edition NFT as a replacement.

In this way, Trump's dinner will not only drive the TRUMP Meme coin, but also make Trump-themed NFTs attractive again.

In fact, long before Trump's second election, Trump tried to "make NFTs great again."

On May 8, 2024, Trump held an NFT dinner at the Mar-a-Lago Resort in Palm Beach, Florida. Buyers who purchased at least 47 Trump "MugShot Edition" NFTs were invited to attend. There are a total of 100,000 NFTs in this series, of which 99,000 are available for purchase at $99 per piece. If 47 pieces are purchased in a single transaction ($4,653), you will have the opportunity to have dinner with Trump. At the time, Trump announced a strong embrace of cryptocurrencies and promised to end the United States' hostility to digital currencies, which was a significant change from his previous criticism of cryptocurrencies.

(NFT dinner photo)

(MugShot Edition Series NFT)

Trump's NFT issuance dates back to December 2022, when 45,000 cards were issued, including his image as a superhero, astronaut, western sheriff and a series of other fantasy characters. These NFTs were minted on Polygon, and the standard edition cards were sold for $99 each. Customers who purchased 45 cards received a ticket to the NFT dinner. According to OpenSea data, all 45,000 NFTs sold out in about 12 hours at the time. In March 2023, when Trump was indicted in the Manhattan District Attorney's investigation, NFT prices skyrocketed, with the highest selling price approaching $1,700.

On April 19, 2023, the Trump team launched the second series of Trump digital trading cards, maintaining a price of $99 per card, and sold out 5 hours after the release, earning $4.6 million.

Conclusion

Although it is still unknown how much this NFT will benefit Trump, it is clear that Trump has TRUMP Meme in one hand and NFT in the other. It is not important whether TRUMP and NFT can continue to be great. It is enough to have a surge in the market and hot exposure in the short term.

Appendix: A list of the current holdings of the top 30 TRUMP token holders