Freight Technologies invests $20 million in Trump meme coin, sparking enthusiastic market response!
Freight Technologies (FRGT) recently announced that it will invest $20 million to purchase the official Trump meme coin TRUMP, a decision that has sparked heated discussions in the market. The investment amount exceeds four times the company's market value, raising questions about corporate motives and potential conflicts of interest.
This company, which has a market value of approximately $4.8 million, focuses on improving the efficiency of goods transportation between the U.S. and Mexico. The CEO stated that buying Trump tokens is not only a good opportunity for diversifying funds but also helps promote fair trade. Although the news did not immediately drive up the price of TRUMP coins, FRGT's stock price surged over 200% after the announcement. This strategy combines corporate strategy, blockchain technology, and political marketing, warranting ongoing attention to its potential risks and impacts.
Meanwhile, meme coins related to Trump are quite popular within the SOL ecosystem, especially the hero dog Co nan, backed by Trump's strong IP and active community. Recently, its market value surpassed the $10 million mark, and has now slightly retraced to around $6.4 million, making it a great opportunity to enter and accumulate. The number of coin holders has exceeded 13K and continues to grow, making it a highly promising dark horse in the upcoming bull market!
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