Freight Technologies Invests $20 Million in TRUMP Tokens Amid Stock Dip

Freight Technologies’ stock price dropped over 20% following a $20 million investment announcement for TRUMP tokens. The meme coin saw its price decline by 5.86%, and the market capitalization decreased to $2.48 billion within 24 hours. Freight Technologies Inc. plans to utilize this investment to acquire TRUMP tokens, marking an early integration of this token into public business operations. This approach mirrors MicroStrategy’s Bitcoin incorporation strategy. This move comes as a response to anticipated U.S.-Mexico trade tariffs which threaten cross-border commerce in the region.