Freight Technologies Inc., a cross-border logistics company, has announced a $20 million stock offering to purchase the meme coin TRUMP, modeled after MicroStrategy's treasury strategy.

The company stated that their decision is not so much related to TRUMP or cryptocurrency but more about the upcoming tariffs between the US and Mexico that could threaten business demand.

The TRUMP meme coin is under close scrutiny due to the potential misuse of the President's cryptocurrency assets.

The TRUMP meme coin has been controversial since its launch. Much of the President's cash is held in cryptocurrency. A group of influential experts and former regulators expressed concerns about the potential for misuse of the coin.

Freight Technologies' announcement that they plan to spend $20 million to build the TRUMP Treasury only adds to those concerns.

The company's press release provides details on the reasons for the investment. Although the release briefly mentions Freight's interest in AI and Web3 technology, the main focus is on how US-Mexico trade tariffs could impact the company:

"The focus of our mission is to promote productive and positive trade between the United States and Mexico. Mexico is the United States' top trading partner. We believe that adding the official TRUMP token is an effective way to support fair, balanced, and free trade between Mexico and the United States," CEO Javier Selgas stated.

Freight Technologies' investment raises speculation about US-Mexico tariffs and stock declines.

Freight Technologies plays a crucial role in cross-border shipping with Mexico and is utilizing AI to optimize trade between the two countries.

The company finds that the trade war with Mexico could severely disrupt its operations. Although President Trump has previously exempted certain businesses from tariffs, the company's statement does not specifically call for such exemptions.

Reports indicate that some cryptocurrency companies have received indirect legal benefits after donating to Trump's inauguration fund, with some donations as small as $100,000. So, could Freight's $20 million investment make an impression?

While it's difficult to make definitive claims, the company's actions surrounding the TRUMP deal have raised suspicions - much of the rationale for this acquisition centers on US-Mexico trade relations.

The press release briefly mentions that the TRUMP token could help diversify the company's cryptocurrency holdings, but this is the only information unrelated to tariffs.

Assuming Freight Technologies is truly trying to influence the President. In that case, it seems the company wants to completely eliminate tariffs from Mexico, rather than just seeking an exemption for itself.

Regardless, this purchase of TRUMP could prove to be bad news for Freight's stock. The press release was first written on April 30 but gained significant attention in the cryptocurrency world on May 1. As headlines spread, the company's stock dropped over 20%.

This is something to watch closely. Many companies are creating strategy-style plans around cryptocurrency. Freight Technologies may be one of the first companies, but it likely won't be the last.

Trump's meme coin increased by 58% after an exclusive dinner invitation for top shareholders

President Trump's meme coin, which had dropped 88% from a recent peak, surged last Wednesday after the coin's website invited 220 of the largest holders of this digital currency to a "private intimate dinner" with the president.

After the dinner invitation posted on the $TRUMP meme coin website and Twitter account, the value of this coin soared to $5.32, or 58%, reaching $14.32 by Wednesday afternoon. However, this increase only offsets part of the significant drop of this coin from a high of $75.35 on January 19, one day before Trump's inauguration.

The dinner invitation promises investors in the $TRUMP coin the opportunity to "Hear directly from President Trump about the future of cryptocurrency!" Trump, who has expressed plans to make the US a global cryptocurrency hub, has also launched several digital projects, including NFTs labeled as "digital trading cards Trump" and a cryptocurrency platform called World Liberty Financial.

According to the Trump coin website, CIC Digital LLC, a subsidiary of The Trump Organization, and Fight Fight Fight LLC together hold 80% of the meme coin supply. Fight Fight Fight is a Delaware-based LLC, according to the Wall Street Journal.