Freight Applied sciences will elevate $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 Applied sciences inventory value)
Nonetheless, the hole was rapidly crammed throughout after-market hours earlier at the moment, with FRGT inching decrease, again beneath $2, and prone to lose all good points by the tip of the week.
So, what triggered this “FOMO” on Nasdaq, driving FRGT costs to file highs in Q2 2025?
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Freight Applied sciences to Stack TRUMP Meme Coin
“We believe that adding Official Trump tokens is an excellent way to diversify our crypto treasury and an effective way to advocate for fair, balanced, and free trade between Mexico and the U.S.,” Freight Applied sciences declared in a press launch.
What’s extra? They gained’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 are going to pour all the things 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. The truth is, the meme coin has been on a downtrend, shedding over 50% of its good points from April 23.
TRUMP, one of many greatest Solana meme cash, has confronted intense promoting strain, sliding from over $75 to round $7, a 95% drop.
This sell-off could clarify why some critics imagine the president could possibly be deceptive traders through the use of the TRUMP token as a automobile.
“TRUMP coin is a scam, and its mere existence is embarrassing for all U.S. citizens,” one person posted on X. “We should expect better from our leaders.”
Whether or not the president, linked to the meme coin, is a “wolf in sheep’s clothing” stays to be seen. Many don’t care, and the president himself sees no difficulty, 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. 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 Might 22.
Is This a Real Try and 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 harm its popularity (and funds).
CEO Javier Selgas framed the transfer as a diversification of their treasury and a symbolic gesture to advocate for “fair, balanced, and free trade” between america and Mexico.
Of their view, there’s no higher solution to reveal 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 greatest cryptos to contemplate in Might.
Freight Applied sciences is accumulating TRUMP amid fears of escalating tensions between america and Mexico resulting from tariffs.
Trump imposed a 25% tariff on imports from Mexico and Canada for items not lined by the USMCA.
Whereas the impression 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 remedy from the Trump administration? In that case, might or not 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 occasion which claims to care about regulation and order. pic.twitter.com/CXzZ2Yq16v
— Melanie D’Arrigo (@DarrigoMelanie) Might 5, 2025
If Freight Applied sciences receives favorable remedy, 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.
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Freight Applied sciences Guess On TRUMP Meme Coin Backfires
- Freight Applied sciences will elevate $20 million to purchase TRUMP, top-of-the-line Solana meme cash
- FRGT costs rallied earlier than crashing on Monday
- TRUMP costs agency however is underneath strain after falling beneath $10 after peaking at $75
- Will Freight Applied sciences obtain favorable remedy from america?
The publish Company Crypto Gone Wrong? Trucking Company Stacking TRUMP Crypto Faces Major Losses appeared first on 99Bitcoins.
