In May, President Donald Trump held a closed gala dinner, organized especially for the owners of his meme coin. Participants of this event became owners of exclusive NFTs, issued in limited quantities. A couple of weeks after the event, tokens began to be sent out to both invited guests and those who registered but did not make it to the final list.
Three different NFT collections were created, and each of them depended on the status of the participant. The most valuable was the collection called Diamond Hands, which included 118 tokens. One of these copies was recently sold for 99.9 SOL, which at that time was about $16,000.
The second most common series was called Power to the Holders. It was sent to 1,049 crypto wallets and was likely intended for those who expressed an interest in attending but were not among the final guests. These NFTs are currently trading at 7.49 SOL, or roughly $1,200.
The third collection, the Gold Gala Dinner, was given to 219 participants who attended the dinner with the president in person. The price of these tokens currently starts at 48.15 SOL, or roughly $7,700.
According to the TRUMP team on the official X account, all NFTs issued for the dinner do not have any functional utility. They are intended to be “historical memorabilia honoring the crypto president,” as stated in the project description.
The interest in these digital objects is also fueled by the fact that attending the gala dinner was relatively inexpensive. For example, Morten Christensen and four of his friends spent about $1,200 each to get the right to meet Donald Trump. Now such investments turn into not only memories, but also assets that can be sold profitably on the market.
The NFT event within the TRUMP crypto project confirms the growing interest in digital collectible assets, especially when they are associated with such a high-level political figure.