Company Crypto Gone Awry? Trucking Firm Accumulating TRUMP Crypto Experiencing Significant Losses

Freight Technologies intends to acquire $20 million in TRUMP tokens. FRGT experienced a price surge before a decline. Will this alleviate trade tensions between the U.S. and Mexico, or is it a tactic to curry favor with Donald Trump?

It’s uncommon for stock prices to jump by more than 100%. Just three days ago, that precisely occurred with FRGT stock. The small logistics company saw its stock prices go to the moon over 150%, rising from $1.20 to $3.42 by yesterday.

(Freight Technologies stock price)

However, the gains were quickly erased during after-hours trading earlier today, with FRGT dropping back below $2, likely to lose all its gains by the week’s end.

So, what spurred this “FOMO” on Nasdaq that propelled FRGT prices to unprecedented heights in Q2 2025?

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Freight Technologies to Acquire TRUMP Meme Token

“We view the acquisition of Official Trump tokens as an excellent strategy to diversify our crypto portfolio and effectively advocate for fair, balanced, and free trade between Mexico and the U.S.,” Freight Technologies stated in a press update.

Additionally, they aren’t just investing $1 million or $5 million for TRUMP tokens, but an astonishing $20 million.

Funds will be sourced from investors, and similar to Strategy (the former MicroStrategy), they plan to funnel everything into TRUMP, establishing the meme coin as a key element of their digital asset strategy.

Interestingly, despite this update, TRUMP prices did not increase. In fact, the meme token is experiencing a downturn, having lost over 50% of its value since April 23.

TRUMP, recognized as one of the top Solana meme coins, has faced significant selling pressure, dropping from over $75 to approximately $7, marking a 95% decline.

This decline may lead some critics to argue that the president could mislead investors by employing the TRUMP crypto token as a tool.

“TRUMP crypto token is a scam, and its very existence is shameful for all U.S. citizens,” a user remarked on X. “We should expect higher standards from our leaders.”

Whether the president, associated with the meme crypto token, is a “wolf in sheep’s clothing” remains uncertain. Many appear indifferent, and the president himself sees no concern, even endorsing it on X.

Trump is at it again, conning the American people.

He is advocating for the $Trump meme coin that he backed 2 months ago, which has lost 90% of its worth since then.

This individual ought to be incarcerated. https://t.co/zZLP4ov79i pic.twitter.com/CkLBHk9xCg

— MenchOsint (@MenchOsint) March 23, 2025

If the president perceives the TRUMP meme coin as “cool” and enjoys it, Freight Technologies firmly believes now is the opportune moment to acquire every available coin.

Securing enough tokens to rank highly on the leaderboard could result in an invitation to dine with Donald Trump on May 22.

Is This a Legitimate Effort to Foster Cross-Border Trade or a Hidden Bribe?

For onlookers, Freight Technologies’ plan to purchase TRUMP tokens represents a high-risk gamble that might yield long-term rewards or adversely impact its reputation (and finances).

CEO Javier Selgas framed this initiative as a strategy to diversify their treasury and a symbolic act to promote “fair, balanced, and free trade” between the U.S. and Mexico.

They believe there’s no more effective way to show their dedication to “America First” than by investing in TRUMP tokens. Given the trading volume, the meme crypto token undoubtedly ranks as one of the top cryptocurrencies to consider in May.

Freight Technologies is acquiring TRUMP amidst rising concerns over escalating U.S.-Mexico tensions stemming from tariffs.

Trump imposed a 25% tariff on imports from Mexico and Canada for goods not encompassed by the USMCA.

While the effects remain uncertain, Freight Technologies, heavily reliant on cross-border logistics, faces potential risks from these tariffs, which could threaten its financial stability and, ultimately, profits.

Could this purchase enable them to gain favorable treatment from the Trump administration? If so, might it be perceived as a “bribe”?

This is referred to as a bribe.

It’s clear that it constitutes a bribe. The freight company investing $20 million openly acknowledges it’s a bribe.

This is understood universally, yet no one holds him accountable — particularly his own party, which professes to value law and order. pic.twitter.com/CXzZ2Yq16v

— Melanie D’Arrigo (@DarrigoMelanie) May 5, 2025

If Freight Technologies is granted favorable treatment, will Donald Trump face any consequences?

These are the questions raised by Melanie D’Arrigo, a former executive at Campaign for New York Health, on X.

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