Is the TRUMP Gala Dinner an NFT Promotion Stunt?

A recent announcement for the Private Dinner event for the top 220 holders of the TRUMP meme coin stated that if former President Trump does not attend, attendees may receive a limited NFT.

This has sparked speculation about the event’s true purpose. Could it ignite a new market wave?

New NFT Collection Launch at the TRUMP Gala Dinner?

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

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

More intriguingly, there’s uncertainty about Trump’s participation. Despite the event bearing his brand, terms state 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 has fueled speculation that Trump may use the event to launch a new NFT collection, building on his previous NFT ventures.

“President Trump may not be able to attend the TRUMP Gala Dinner. In the event President Trump is unable to attend the TRUMP Gala Dinner, or if the Gala Dinner does take place, then in our sole discretion, it may be rescheduled to another date, or TRUMP Meme holders who are qualified for the Gala Dinner and/or reception will receive a limited edition TRUMP NFT in lieu thereof,” the terms and coditions wrote.

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,” debuts with 160 pieces on the Bitcoin network.

He debuted his Trump Digital Trading Cards in December 2022, marking his entry into the crypto space. The first collection, featuring 45,000 NFTs, quickly gained traction due to Trump’s brand. It raised approximately 648 ETH, roughly $785,000 as per the ETH rate during the sale.

After that, Trump launched Series 2 of the Trump Digital Trading Cards. Trump’s second round of ‘Digital Trading Cards’ sold out quickly. However, not everything went smoothly.

The value of the original Series 1 collection took a significant hit. The rapid release of new collections raised concerns in the community about “value dilution,” diminishing the appeal of earlier NFTs.

According to OpenSea data, the total trading volume for Trump Digital Trading Cards reached 17,167 ETH, equivalent to tens of millions of USD—an impressive figure for an NFT collection.

Trump Digital Trading Cards collection. Source. OpenSea

By April 2025, CryptoSlam data shows the trading volume for Trump Digital Trading Cards dropped to just $2,000, a stark contrast to its peak.

Trump Digital Trading Cards sales volume. Source: CryptoSlam

The Trump Gala Dinner could have implications beyond TRUMP holders, potentially influencing meme coin and NFT markets. If Trump launches a new NFT collection and succeeds, it could reignite interest in celebrity-driven NFT projects.

Conversely, if the event flops or the new NFT fails to gain traction, it may deepen skepticism about the sustainability of meme coin and NFT ventures.