Freight Applied sciences will increase $20 million to purchase TRUMP tokens. FRGT costs rallied earlier than sinking. Will this ease U.S.-Mexico commerce pressure, or is it a bribe to win Donald Trump’s favor?
Hardly ever do inventory costs surge by greater than 100%. Three days in the past, that’s precisely what FRGT inventory did. Inventory costs of the small logistics agency soared by over 150%, greater than doubling from $1.20 to $3.42 yesterday.
(Freight Technologies stock price)
Nevertheless, the hole was rapidly stuffed throughout after-market hours earlier as we speak, with FRGT inching decrease, again beneath $2, and more likely to lose all beneficial properties by the top of the week.
So, what triggered this “FOMO” on Nasdaq, driving FRGT costs to document highs in Q2 2025?
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Freight Applied sciences to Stack TRUMP Meme Coin
“We consider that including Official Trump tokens is a superb approach to diversify our crypto treasury and an efficient approach to advocate for honest, balanced, and free commerce between Mexico and the U.S.,” Freight Applied sciences declared in a press launch.
What’s extra? They received’t be shopping for $1 million or $5 million price of TRUMP tokens, however a staggering $20 million.
Funds might be raised from traders, and, much like Technique (former MicroStrategy), they’ll pour the whole lot into TRUMP, aiming to make the meme coin the cornerstone of their digital asset technique.
Curiously, even with this announcement, TRUMP costs didn’t rise. Actually, the meme coin has been on a downtrend, dropping over 50% of its beneficial properties from April 23.
TRUMP, one of many best Solana meme coins, has confronted intense promoting stress, sliding from over $75 to round $7, a 95% drop.
This sell-off might clarify why some critics consider the president may very well be deceptive traders by utilizing the TRUMP token as a car.
“TRUMP coin is a rip-off, and its mere existence is embarrassing for all U.S. residents,” one consumer posted on X. “We should always count on higher from our leaders.”
Whether or not the president, linked to the meme coin, is a “wolf in sheep’s clothes” stays to be seen. Many don’t care, and the president himself sees no problem, even selling it on X.
Trump is again at scamming the Americans once more.
He’s selling the $Trump meme coin that he endorsed 2 months in the past, coin that misplaced 90% of its worth since.
This man belongs to jail. https://t.co/zZLP4ov79i pic.twitter.com/CkLBHk9xCg
— MenchOsint (@MenchOsint) March 23, 2025
If the president thinks the TRUMP meme coin is “cool” and loves it, Freight Applied sciences is satisfied now could be the time to purchase each circulating token.
Shopping for sufficient to rank excessive on the leaderboard might safe an invite to dinner with Donald Trump on Could 22.
For observers, Freight Applied sciences’ choice to purchase TRUMP tokens is a high-stakes gamble that would both repay in the long run or irreparably injury its fame (and funds).
CEO Javier Selgas framed the transfer as a diversification of their treasury and a symbolic gesture to advocate for “honest, balanced, and free commerce” between the USA and Mexico.
Of their view, there’s no higher approach to display their dedication to “America First” than by shopping for TRUMP tokens. Taking a look at buying and selling quantity, the meme coin is undoubtedly one of many best cryptos to consider in May.
Freight Applied sciences is accumulating TRUMP amid fears of escalating tensions between the USA and Mexico as a consequence of tariffs.
Trump imposed a 25% tariff on imports from Mexico and Canada for items not lined by the USMCA.
Whereas the affect is unsure, Freight Applied sciences, which depends closely on cross-border logistics, faces dangers from these tariffs, which might disrupt its monetary stability and, in the end, earnings.
Will this buy assist them safe favorable therapy from the Trump administration? If that’s the case, might it’s thought of a “bribe”?
That is known as a bribe.
Everyone knows it’s a bribe. The freight firm spending $20 million admits it’s a bribe.
Everybody understands this, and but nobody is holding him accountable — particularly his personal social gathering which claims to care about regulation and order. pic.twitter.com/CXzZ2Yq16v
— Melanie D’Arrigo (@DarrigoMelanie) May 5, 2025
If Freight Applied sciences receives favorable therapy, will Donald Trump be held accountable?
These are the questions raised by Melanie D’Arrigo, former government of Marketing campaign for New York Well being, on X.
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Freight Applied sciences Wager On TRUMP Meme Coin Backfires
-
Freight Applied sciences will increase $20 million to purchase TRUMP, the most effective Solana meme cash -
FRGT costs rallied earlier than crashing on Monday -
TRUMP costs agency however is beneath stress after falling beneath $10 after peaking at $75 -
Will Freight Applied sciences obtain favorable therapy from the USA?
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