Trump "rubbed" the encryption circle: buy $4,653 NFT you can participate in the dinner, and the relevant MEME coin fly pump

On the evening of May 8, local time, Donald Trump, the Republican candidate for the 2024 U.S. election, held the latest NFT dinner at the Maarago Resort in Palm Beach, Florida. Buyers who purchased at least 47 NFTs of Trump's "MugShot Edition" (headshots) were invited to attend, and Hong Kong actor Fung Delun, who is keen on NFTs, also appeared on the scene. At the rally, Trump announced a big embrace of Crypto Assets, promising to end U.S. hostility toward Digital Money. This is a significant shift from his previous criticism of Crypto Assets.

Group photo of the NFT dinner Ahead of the dinner on recess day, Trump announced that he was accepting U.S. presidential campaign contributions in the form of Crypto Assets, Watcher.Guru reported. Subsequently, the prices of Trump-related memes coin TRUMP and NFT pump more than 55% and doubled, respectively, in a short period of time, by pump.

Host an NFT dinner to attract Large Investors buyers

There are currently 3 series of Trump Digital Trading Cards. The first series was released in December 2022 and features 45,000 cards, which include his image as a superhero, an astronaut, sheriff west, and a slew of other fantasy characters. These NFT minting are on Polygon, and the standard version cards are sold for $99 each. Customers who purchase 45 cards can get a ticket to an NFT dinner. According to OpenSea, all 45,000 NFTs were sold out in about 12 hours at the time.

On April 19, 2023, the Trump team launched the second series of Trump digital trading cards, maintaining the price of $99 each, and selling shorter after 5 hours of issuance, earning $4.6 million, and the ability to attract money is still the same.

The most recent dinner was a stake in Trump's NFT MugShot Edition. There are a total of 100,000 NFTs in this collection, of which 99,000 are available for purchase, one is $99, also minted on Polygon, and if you buy 47 ($4,653) in a single transaction, you can get a chance to have dinner with Trump.

If buyers are more generous and spend nearly $10,000 on 100 MugShot Edition NFT cards, they will be able to attend a VIP cocktail reception before the dinner, and will also receive a one-of-a-kind Bitcoin inscription digital trading card (limited to 200), as well as two VIP dinner tickets for buyers and fren to have dinner with Trump, and buyers will be seated at VIP tables.

The images on the Mugshot Edition NFT collection vary from a police custody photo of Trump to a picture of him wearing a bull hat to a cartoon image of Trump with lightning bolts in his hands and "America's superheroes" written underneath. Officially, though, the cards have nothing to do with politics and nothing to do with any political campaigning.

Buyers who purchase these headshot NFTs will also receive a physical card with the fabric of Trump's suit when he took the headshot. Trump's mugshot photo was taken at the Fulton County Jail in Atlanta, Georgia, Aug. 24, 2023. Previously, Trump was indicted on suspicion of racketeering and other crimes. This is the first and so far the only photo of a U.S. president. After the photo was released, it became an internet meme and appeared on the front pages of longest newspapers around the world.

"This card is more than just a souvenir; It is part of a piece of history and a testimony to resilience," the official website describes the physical card with fragments of the suit. "It symbolizes President Trump's unwavering commitment and tireless struggle for the American dream."

On May 8, this trading card (NFT) was officially sent to eligible NFT dinner attendees. According to The Independent, at the dinner, in response to a question about how to keep Crypto Assets businesses in the United States, Trump emphasized his commitment to keeping them in the United States. He expressed concern about the potential relocation of Crypto Assets businesses that could be due to hostility to the industry, saying, "If Crypto Assets leave the U.S. because of hostility to Crypto Assets...... Well, we'll put a stop to it. We don't want that. If we're going to embrace it, we've got to keep them here. ”

Trump said President Joe Biden doesn't know what Crypto Assets is, saying that "Democrats are very much against it" and that "if you support Crypto Assets, it's better to vote for Trump." ”

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

Meme coin big pump 55%, NFT Floor Price doubled

With a series of actions and news, according to CoinMarketCap data, Trump-related meme coin MAGA (TRUMP) then pump from $4.2 in the early morning of May 9 to $6.52 at noon on May 9, a pump of 55%, and $5.48 on the morning of May 11.

As of the morning of May 11, another meme coin Doland Tremp (TREMP) was quoted at $0.652, a 7-day pump of 69.85%. Even the Meme coins associated with Biden are "lying down". On May 9, Boden, a joke meme coin that deliberately misspelled US President Joe Biden's name, soared 25% after Trump answered questions from reporters

In one episode, American talk show host Jimmy Kimmel even lashed out at Donald Trump's NFT project collectors as "fools" and "freaks", but the recent secondary market price of Trump-related NFT assets has not stopped pumping.

According to NFT Floor, the Trump Digital Trading Cards minting on Polygon pump from $211.56 at 10 p.m. on May 9 to $465.7 at 4 p.m. on May 9, a pump of 120%. As of about 2 p.m. on May 10, the Trading Volume on the 7th reached $42,921, or 561.33% pump.

Screenshot of the NFT Floor at 8 a.m. on May 11 Trump's Series 2 NFT collection sold even more than the original series, reaching 405 sales in 24 hours on May 9. However, their price is longest lower, with a floor price of around $82, which is lower than the initial first sale price of $99.

Historically, Trump's NFT cards have achieved mixed results. In March 2023, the price of Trump's digital trading card NFT first series big pump, with a maximum selling price of nearly $1,700, was sparked by an investigation by the Manhattan District Attorney for allegedly using 2016 campaign funds to pay Stormy Daniels hush money. However, shortly after the release of the second series of Trump cards on April 18, 2023, its value falls rapidly.

It is worth mentioning that, according to the official website, the Trump card is "not owned, managed, or controlled by Trump," but is owned by NFT INT LLC. Trump licensed his image to the company, which paid a portion of its profits to a company owned by Trump. According to his financial disclosures, in 2023, Trump earned between $500,000 and $1 million from the image licensing of Trump Card NFTs.