A $20 Million Bet on the TRUMP Token Reveals Freight Tech's Entry into the Crypto Market
An Unconventional Investment
Freight Tech, a company specializing in logistics sector investments, surprised the market by investing $20 million in the $TRUMP token, highlighting the increasing interest in meme tokens even from traditional companies.
Strategic Investment or Gamble?
The company has not disclosed its motivations, but analysts believe it is either a high-risk bet or an attempt to capitalize on political momentum ahead of the U.S. elections.
Market Reaction and Potential Impact
The announcement led to a rise in the price of TRUMP, but questions remain about its sustainability. This move attracts institutional attention to meme tokens, although they are still surrounded by risks