Company Crypto Gone Wrong? Trucking Company Stacking TRUMP Crypto Faces Major Losses

Freight Applied sciences will increase $20 million to purchase TRUMP tokens. FRGT costs rallied earlier than sinking. Will this ease U.S.-Mexico commerce rigidity, 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)

Nonetheless, the hole was rapidly stuffed throughout after-market hours earlier at the moment, with FRGT inching decrease, again beneath $2, and prone to lose all features by the tip of the week.

So, what triggered this “FOMO” on Nasdaq, driving FRGT costs to document highs in Q2 2025?

DISCOVER: 20+ Next Crypto to Explode in 2025

Freight Applied sciences to Stack TRUMP Meme Coin

“We imagine that including Official Trump tokens is a wonderful technique to diversify our crypto treasury and an efficient technique to advocate for truthful, 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 can 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.

Apparently, even with this announcement, TRUMP costs didn’t rise. In truth, the meme coin has been on a downtrend, shedding over 50% of its features from April 23.

TRUMP, one of many best Solana meme coins, has confronted intense promoting strain, sliding from over $75 to round $7, a 95% drop.

This sell-off might clarify why some critics imagine the president may very well be deceptive traders by utilizing the TRUMP token as a automobile.

“TRUMP coin is a rip-off, and its mere existence is embarrassing for all U.S. residents,” one person 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 concern, even selling it on X.

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 Might 22.

Is This a Real Try to Promote Cross-Border Commerce or a Bribe?

For observers, Freight Applied sciences’ choice to purchase TRUMP tokens is a high-stakes gamble that might both repay in the long run or irreparably injury its repute (and funds).

CEO Javier Selgas framed the transfer as a diversification of their treasury and a symbolic gesture to advocate for “truthful, balanced, and free commerce” between america and Mexico.

Of their view, there’s no higher technique 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 america and Mexico because 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, finally, earnings.

Will this buy assist them safe favorable therapy from the Trump administration? If that’s the case, might or not it’s thought-about a “bribe”?

If Freight Applied sciences receives favorable therapy, will Donald Trump be held accountable?

These are the questions raised by Melanie D’Arrigo, former govt of Marketing campaign for New York Well being, on X.

DISCOVER: 11 Best Crypto Presales to Invest in May 2025 – Top Token Presale

The submit Company Crypto Gone Wrong? Trucking Company Stacking TRUMP Crypto Faces Major Losses appeared first on 99Bitcoins.

Source link