Donald Trump’s Exclusive NFTs Spark Controversy and Speculative Frenzy
At a recent crypto dinner in Washington, DC, attendees were rewarded with exclusive NFTs based on the Solana blockchain, sparking a speculative frenzy and controversy. The event, which celebrated loyalty to the “crypto president,” has become a subject of interest in the crypto community. According to reports, some of these NFTs have been sold for over 99.9 SOL (~ $16,000 USD) on secondary markets.
The NFTs were distributed to owners based on their participation, with three categories: “Make the Owner” (1,049 units), “Gold Gala Dinner” (219 units), and “Diamond Hands” (118 units). The “Diamond Hands” category, which is the rarest and most popular, is reserved for users who held their $Trump tokens during the dinner event. None of the tokens are associated with supply companies, member rights, or governance rights, but their perceived scarcity has led to a speculative rush.
No Supply Company, High Demand: The Trump NFT Breakdown
On Magic Eden, the NFT marketplace, “Gold Gala Dinner” NFTs have a floor price of 48.15 SOL (~ $7,800), while “Diamond Hand” NFTs have a floor price of 101.7 SOL (~ $16,475 USD). The official team of Trump Memecoin described the Trump NFTs as “historical collectibles that celebrate the crypto president,” triggering excitement waves in the crypto community based on Solana.
While the NFT owners are enjoying their profits, $Trump Memecoin owners are less enthusiastic. Despite the top-class decline, the token rose only 2.61% on the day of the announcement and brought its market capitalization to $2.3 billion, which is now the fourth largest Memecoin. However, it remains 84.6% below its all-time high of $75.35 on January 19, a steep correction that has frustrated owners.
Solana: Trump’s Blockchain of Choice?
This is not Trump’s first crypto initiative operated by Solana. The launch of the $Trump Memecoin in January used Meteora, a dynamic liquidity market maker (DLMM) based on Solana. The latest NFT drop was launched via Metablex, another Solana native platform. Trump’s crypto company, World Liberty Financial (WLF), which was launched in late 2024 and actively promoted by his sons Donald Jr. and Eric Trump, has also been investing in Solana-based projects.
