One of the strangest and boldest deals in the crypto market has just been announced: Freight Technologies (FRGT) – a logistics company with a mere market cap of 4.8 million USD – has signed an agreement to purchase up to 20 million USD in TRUMP tokens, a memecoin associated with current U.S. President Donald Trump.
Not just an investment – This is a “critical political gamble.”
According to CEO Javier Selgas, the deal $TRUMP is not simply about accumulating cryptocurrency assets. Their goal is to influence trade policies between the U.S. and Mexico by holding tokens directly related to President Trump.
Freight confidently asserts that this is a “survival move” in the context of the company losing nearly 90% of its stock value in the past year. Immediately after the announcement to buy TRUMP, the stock of #FRGT surged by 111.2%, but quickly dropped back by 21.6% after the after-hours session.
This is not the first time Freight has gone big with crypto.
Before $TRUMP , Freight had previously invested in FET tokens – a coin associated with the field of artificial intelligence (AI) – to serve its strategy of integrating new technology into its logistics platform. However, with TRUMP, this is the first time the company has publicly used crypto as a tool for political influence.
Mr. Selgas declared:
“The addition of Official TRUMP not only helps diversify cryptocurrency assets but also advocates for fair and free trade between the U.S. and Mexico.”
Crypto – A new influence tool for businesses?
The move of #Freight is not an isolated case. Many large investment organizations are also pouring money into projects related to former President Trump.
DWF Labs recently invested 25 million USD in World Liberty Financial (WLFI) – the DeFi platform backed by Trump – and even took on a governance role within the ecosystem.
The TRUMP token is currently trading around 10.9 USD, up over 15% in the past month, despite a volatile market.
A risky gamble – Is the crypto market turning a new page?
Unlike MicroStrategy or Metaplanet – companies investing in Bitcoin due to belief in “digital gold,” Freight Technologies is betting on an unprecedented political weapon: memecoin.
President Donald Trump's recent announcement of hosting a private dinner for top TRUMP holders has raised concerns about “buying political access through crypto.”
However, Mr. Trump continues to express a positive view on cryptocurrency:
“Crypto is becoming a popular investment channel for many Americans, even recovering better than the stock market after the sharp decline in April.”
Impact on the crypto market and Binance investors.
Although this deal carries a high risk factor, it indicates a new trend: crypto is gradually becoming a strategic tool, not just for finance but also for politics. This could open up a new wave of investment, especially with tokens tied to personal brands or political ideologies.
Users on Binance and major exchanges should be particularly cautious:
Memecoins are no longer just a joke, but can become a real influence tool.
The participation of public companies can lead to significant volatility in both price and liquidity.
Risk warning: The crypto market is always prone to high volatility, especially with politically influenced tokens. Users should be cautious with speculative investments, and always carefully assess the level of transparency, legality, and market risk before participating. Crypto is not suitable for all investors. #anhbacong