On the evening of May 8th local time, the 2024 US presidential candidate for the Republican Party, Donald Trump, held the latest NFT dinner at the Mar-a-Lago resort in Palm Beach, Florida. Buyers who purchased at least 47 of Trump's "MugShot Edition" NFTs were invited to attend, and Hong Kong actor Daniel Wu, who is enthusiastic about NFTs, also appeared at the event. During the gathering, Trump announced a strong embrace of cryptocurrency, pledging to end the US's hostility towards digital currency. This marks a significant shift from his previous criticism of cryptocurrency.

NFT dinner group photo

Prior to the dinner held on a recess day, according to Watcher.Guru, Trump announced that he is accepting cryptocurrency donations for his US presidential campaign. Subsequently, meme coins TRUMP and NFT prices, associated with Trump, surged by over 55% and doubled, respectively, in a short period.

Hosting NFT Dinner to Attract High-Value Buyers

The Trump Digital Trading Cards currently have three series. The first series was released in December 2022, consisting of 45,000 cards, including images of him as a superhero, astronaut, sheriff, and a range of other fantasy characters. These NFTs are minted on Polygon, and the standard edition cards are sold at $99 each. Customers who purchase 45 cards can obtain a ticket to the NFT dinner. According to OpenSea data, all 45,000 NFTs were sold out in approximately 12 hours.

On April 19, 2023, the Trump team launched the second series of Trump Digital Trading Cards, maintaining the price of $99 per card, and sold out within 5 hours, generating $4.6 million in revenue.

The recent dinner was for the MugShot Edition NFTs of Trump. This series of NFTs totals 100,000, with 99,000 available for purchase at $99 each, also minted on Polygon. Buyers who make a single transaction to purchase 47 cards ($4,653) are eligible to dine with Trump.

For more extravagant buyers, spending nearly $10,000 to purchase 100 MugShot Edition NFT cards allows them to attend a VIP cocktail reception before the dinner, receive a unique Bitcoin-inscribed digital trading card (limited to 200 cards), and obtain two VIP dinner tickets for the buyer and a friend to dine with Trump at a VIP table.

The images on the MugShot Edition NFT series vary, from Trump's mugshot to a picture of him wearing a cowboy hat, to a cartoon image of Trump with lightning in hand, labeled "America's superhero" below. However, the official statement indicates that these digital trading cards are not related to politics or any political campaign activities.

Buyers of these mugshot NFTs will also receive a physical card with the fabric of the suit Trump wore when his mugshot was taken on August 24, 2023, at Fulton County Jail in Atlanta, Georgia. Prior to this, Trump had been indicted on charges of extortion and other crimes. This is the first and only booking photo of a US president to date. After its release, it became a meme and appeared on the front pages of numerous newspapers worldwide.

"This card is not just a souvenir; it is part of history and a testament to resilience," the official website describes the physical card with suit fragments. "It symbolizes President Trump's steadfast commitment to the American dream and unwavering struggle."

On May 8th, the official sent this NFT to eligible participants of the NFT dinner.

According to The Independent, during the dinner, when asked how to keep cryptocurrency businesses in the US, Trump emphasized his commitment to keeping them in the US. He expressed concern about the potential relocation of cryptocurrency companies due to hostility towards the industry, stating, "If cryptocurrency leaves the US due to hostility towards it… well, we will stop it. We don't want that. If we are to embrace it, we must keep them here."

Trump stated that President Joe Biden does not understand cryptocurrency and said, "Democrats are very much against it." He added, "If you support cryptocurrency, you'd better vote for Trump."

Although in January, Trump told a group of people in New Hampshire that he would never allow the creation of central bank digital currency, calling it "a threat to freedom," it seems that the former US president is gradually accepting the world of cryptocurrency. According to Cointelegraph, when asked if people can donate cryptocurrency to him, he replied, "If you can't, I'll make sure you can."

MEME Coin Surges by 55%, NFT Floor Price Doubles

Following a series of actions and news, according to CoinMarketCap data, the meme coin MAGA (TRUMP) associated with Trump subsequently rose from $4.2 on the early morning of May 9th to $6.52 on the noon of May 9th, a 55% increase, and was reported at $5.48 on the morning of May 11th.

As of the morning of May 11th, another meme coin, Doland Tremp (TREMP), was priced at $0.652, with a 7-day increase of 69.85%. Even meme coins related to Biden were affected. On May 9th, the joke meme coin Boden, intentionally misspelling the name of US President Biden, surged by 25% after Trump answered questions from reporters.

An interesting side note is that American talk show host Jimmy Kimmel even harshly criticized the collectors of Donald Trump's NFT project as "fools" and "freaks." However, the secondary market prices of Trump-related NFT assets have not stopped rising.

According to NFT Floor data, the Trump Digital Trading Cards minted on Polygon rose from $211.56 at 10 a.m. on May 9th to $465.7 at 4 p.m. on May 9th, a 120% increase. As of around 2 p.m. on May 10th, the 7-day trading volume reached $42,921, with an increase of 561.33%.

Screenshot of NFT Floor on the morning of May 11th

The sales volume of Trump's series 2 NFT collection is even higher than the original series, reaching 405 sales within 24 hours on May 9th. However, their prices are much lower, with a floor price of about $82, lower than the initial sale price of $99.

Historically, Trump's NFT cards have had mixed results. In March 2023, the price of Trump's first series of digital trading cards NFTs skyrocketed, with the highest selling price reaching nearly $1,700, due to his indictment in a Manhattan district attorney's investigation for allegedly using 2016 campaign funds to pay hush money to Stormy Daniels. However, shortly after the release of the second series of Trump cards on April 18, 2023, their value rapidly declined.

It is worth noting that, according to the official website, the Trump cards are "not owned, managed, or controlled by Trump," but are owned by NFT INT LLC. Trump has licensed his image to this company, which pays a portion of the profits to a company owned by Trump. According to his financial disclosure, in 2023, Trump received between $500,000 and $1 million in income from licensing his image for Trump card NFTs.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。