Can the "TRUMP DINNER" gala make TRUMP and NFT great again?

Deng Tong, Golden Finance

On April 24, 2025, TRUMP MEME officially disclosed information stating that the "TRUMP DINNER" hosted by Trump will take place on May 22 at the Trump National Golf Club in Washington, D.C. The first 220 TRUMP token holders will be invited, with the top 25 token holders enjoying a private VIP reception with Trump and attending a special VIP tour of the White House the following day.

All participants must undergo a background check and complete KYC and compliance reviews for their wallets. Guests are not allowed (only registered individuals may attend), and once the registration information is submitted, it cannot be changed. This dinner is organized by Fight Fight Fight LLC, and Trump will attend as a guest, with no fundraising involved.

Once the news was announced, the price of TRUMP skyrocketed, reaching a high of $14.37. As of the time of writing, TRUMP is reported to be $12.37, up over 33%.

Whales on the Move

According to monitoring by Loonchain, after the news related to the TRUMP banquet was released, a whale spent 5 million USDC to purchase 407,467 TRUMP at a price of $12.27.

Subsequently, the whale sold 407,467 TRUMP for a total price of 5.73 million dollars in less than half an hour, making a profit of 731,800 dollars in under 30 minutes.

Another long-term TRUMP liquidity provider removed liquidity from two wallets this morning around 8 o'clock, receiving 211,977 TRUMP ($2.76 million) and 18,376 SOL ($2.76 million). Both wallets are now among the top 220 holders, giving them a chance to get an invitation to 2 TRUMP dinners. This person bought 332,424 TRUMP ($802,000) at $2.41 on the day of listing and increased liquidity. At their peak, these tokens were worth more than $24 million.

However, some whales were not so lucky. According to on-chain analyst Yu Jin, a TRUMP token investor liquidated their position about 20 hours before the positive news was released, realizing a profit of only $483,000, whereas if they had held their position until after the news was released, their theoretical profit could have reached $4.28 million.

Can TRUMP be resurrected?

From the perspective of long-term performance since its listing, TRUMP has been disappointing. After skyrocketing to over $75 on the day of issuance, the gains quickly reversed as investors noticed the token's high concentration and short vesting period – the token's market cap briefly reached about $15 billion after its launch on January 17, but plummeted over 50% by January 20. Given that 80% of the supply is allocated to founders and entities controlled by Trump, it is hard to justify Trump's current market cap of $2.6 billion.

TRUMP Official Market Cap (USD). Source: CoinMarketCap

Although Trump's antics have boosted trading volume in the short term, it is difficult for the price of the currency to experience substantial fluctuations due to a single dinner. The current surge is a market trend achieved under the dual influences of market speculation and Trump's "selling sentiment." In the long run, unless TRUMP can alleviate investors' concerns about token unlocking, it will be hard to reverse its long-standing lackluster performance.

Not just a Meme coin, can Trump make NFTs great again?

According to the official TRUMP Terms and Conditions, President Trump may be absent, and if the dinner is cancelled or he is unable to attend, eligible TRUMP holders will receive a limited edition NFT in lieu of it.

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

In fact, as early as before Trump's second election, he attempted to "make NFTs great again."

On May 8, 2024, Trump held an NFT dinner at his Mar-a-Lago resort in Palm Beach, Florida. Buyers who purchased at least 47 Trump "MugShot Edition" NFTs were invited to attend. This series of NFTs totals 100,000, of which 99,000 are available for purchase, with each priced at $99. If 47 are purchased in a single transaction ($4,653), there is an opportunity to have dinner with Trump. At that time, Trump announced a strong embrace of cryptocurrency, promising to end the U.S. hostility toward digital currencies, which marked a significant shift from his earlier criticisms of cryptocurrency.

(NFT Dinner Group Photo)

(MugShot Edition Series NFT)

Trump's NFT issuance can be traced back to December 2022, when 45,000 cards were released, including his images as a superhero, astronaut, Western sheriff, and a series of other fantasy characters. These NFTs were minted on Polygon, with the standard edition cards selling for $99 each. Customers purchasing 45 cards could receive a ticket to an NFT dinner. According to OpenSea, all 45,000 NFTs sold out in about 12 hours at that time. In March 2023, when Trump was indicted during an investigation by the Manhattan District Attorney, the price of the NFTs skyrocketed, with the highest selling for nearly $1,700.

On April 19, 2023, the Trump team launched the second series of Trump digital trading cards, maintaining a price of $99 each, and sold out within 5 hours, generating $4.6 million in revenue.

Conclusion

Although we don't know how much profit this NFT will bring to the King of Understanding, it is clear that Trump is holding TRUMP Meme in one hand and NFT in the other. Whether TRUMP and NFT can continue to be great is not important; a short-term surge in market and exposure is enough.

Attached: Overview of the current holdings of the top 30 holders of the TRUMP token