NFTs land in the wallets of $TRUMP meme coin whales following gala dinner

Donald Trump’s meme coin venture has entered the NFT scene, a familiar territory for the sitting US President. 

Holders of the $TRUMP meme coin, as well as those who attended Trump’s gala dinner in May for his meme coin whales, were airdropped NFTs on the Solana blockchain, according to a Tuesday announcement by the meme coin project’s X account.

Addresses, including 12f1o and 2PdmU, received NFTs from three different collections — Diamond Hands, Gold Gala Dinner, and Power to the Holders — if they met each of the criteria outlined by the meme coin project. 

“1. If you successfully registered for the dinner, 2. were top 220 on the leaderboard, 3. or held strong through the dinner (Diamond Hands), check your wallet,” the post said. If an address met one element of the criteria, they’d receive only the corresponding digital collectible.

The Diamond Hands NFT collection, which has a total supply of 118 NFTs, had a single transfer sale in the last 24 hours, but was the most expensive purchase of its cohort at 99.9 solana, worth more than $16,000, data from NFT marketplace Magic Eden shows.  

With a total supply of 219 NFTs, the Gold Gala Dinner collection had four sales within the period and had an average sale of nearly 42.5 solana, representing about $6,900. 

Power to the Holders, the cheapest among the group with the largest supply of 1,049 NFTs, has had the most amount of transfers, standing at 17 sales generating over $21,000 in total trading volume in the last 24 hours. 

Magic Eden also said Tuesday afternoon that it’s partnering with the meme coin’s team to launch a Trump-branded crypto wallet.

The newly released NFT collections continue a years-long history of Trump rolling out digital collectibles and incentivizing dinners to buyers. The president last dropped an NFT collection in August 2024, where buyers who acquired multiples could get rewards like an invite to a gala dinner with Trump. 

In December 2023, Trump released a different collection on the Polygon blockchain titled the “Mugshot Edition.” Again, some of those who purchased the digital items received — you guessed it — an invitation for a dinner.

DLNews reported in February that Trump generated between $7.3 million and $8.2 million from his NFT collections, citing his financial disclosures from 2023 and 2024. The first time Trump promoted NFT cards using his image was in 2022, which sold out in a day for about $4.4 million, Forbes reported. 

NFTs reached a fever pitch in 2021 after digital artist Beeple sold an NFT piece to art auction house Christie’s for $69 million. The hype cycle included celebrities donning NFT profile pictures and public companies rolling on NFT campaigns. The NFT mania has largely faded, with former giants like Yuga Labs selling CryptoPunks to a nonprofit.

The $TRUMP meme coin has increased roughly 3% in value in the last 24 hours, but has dropped 10% in the past seven days to trade hands at $11.44 as of writing.