$TRUMP A tiny logistics company called Freight Technologies (FRGT) — with a market cap of just $4.8 million — is making a bold move. It's planning to buy up to $20 million worth of "TRUMP" tokens, a memecoin tied to Donald Trump, in hopes of influencing U.S.-Mexico trade policies. The company focuses on cross-border shipping tech between the two countries, and says this investment will help strengthen both their crypto strategy and political positioning.
They already got $1 million of funding through a deal with an investor, and they’re using it only to buy TRUMP tokens. This follows another investment of $8 million in AI-linked crypto (FET tokens), which powers their logistics platform.
Other companies like MicroStrategy and Semler Scientific have done similar things with Bitcoin, but Freight's move stands out because they’re openly linking it to geopolitical goals — specifically, influencing Trump-era trade decisions.
Their CEO says this will help promote “fair trade” between the U.S. and Mexico. But not everyone’s happy: critics say this could be a conflict of interest, especially since top TRUMP token holders are being promised private dinners with Trump himself. Some lawmakers are even calling it “selling access to the presidency.”
Freight’s stock soared 111% after the news but then dropped 21.6% after-hours, showing how risky this play might be. Still, the company says it’s all part of their mission to keep cross-border commerce flowing smoothly.
Meanwhile, other companies and investors are also diving into politically-linked crypto projects. DWF Labs, for instance, recently dropped $25 million into a DeFi project supported by the Trump family.
As for the TRUMP token? It’s trading at $12.70, up 42% over the last month.