{"id":25389,"date":"2025-05-06T13:17:06","date_gmt":"2025-05-06T13:17:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25389"},"modified":"2025-05-06T13:17:06","modified_gmt":"2025-05-06T13:17:06","slug":"company-crypto-gone-wrong-trucking-company-stacking-trump-crypto-faces-major-losses","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25389","title":{"rendered":"Company Crypto Gone Wrong? Trucking Company Stacking TRUMP Crypto Faces Major Losses"},"content":{"rendered":"<div>\n<p><em>Freight Technologies will raise $20 million to buy TRUMP tokens. FRGT prices rallied before sinking. Will this ease U.S.-Mexico trade tension, or is it a bribe to win Donald Trump\u2019s favor?<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">Rarely do stock prices surge by more than 100%. Three days ago, that\u2019s exactly what FRGT stock did. Stock prices of the small logistics firm soared by over 150%, more than doubling from $1.20 to $3.42 yesterday.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.tradingview.com\/x\/iAm8Hahn\/\" width=\"1499\" height=\"859\"><\/p>\n<p><strong>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/x\/iAm8Hahn\/\" target=\"_blank\" rel=\"noopener nofollow\">Freight Technologies stock price<\/a>)<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">However, the gap was quickly filled during after-market hours earlier today, with FRGT inching lower, back below $2, and likely to lose all gains by the end of the week.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So, what triggered this \u201cFOMO\u201d on Nasdaq, driving FRGT prices to record highs in Q2 2025?<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025<\/span><\/a><\/strong><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Freight Technologies to Stack TRUMP Meme Coin<\/span><\/strong><\/h2>\n<p><em><span data-preserver-spaces=\"true\">\u201cWe believe that adding Official Trump tokens is an excellent way to diversify our crypto treasury and an effective way to advocate for fair, balanced, and free trade between Mexico and the U.S.,<\/span><\/em><span data-preserver-spaces=\"true\">\u201d Freight Technologies <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/04\/30\/3071329\/0\/en\/Freight-Technologies-Secures-up-to-USD-20-Million-to-Create-an-Official-Trump-Token-TRUMP-Treasury.html\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">declared<\/span><\/a><span data-preserver-spaces=\"true\"> in a press release.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">What\u2019s more? They won\u2019t be buying $1 million or $5 million worth of TRUMP tokens, but a staggering $20 million.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Funds will be raised from investors, and, similar to Strategy (former MicroStrategy), they will pour everything into TRUMP, aiming to make the meme coin the cornerstone of their digital asset strategy.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Interestingly, even with this announcement, TRUMP prices didn\u2019t rise. In fact, the meme coin has been on a downtrend, losing over 50% of its gains from April 23.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">TRUMP, one of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best Solana meme coins<\/span><\/a><span data-preserver-spaces=\"true\">, has faced intense selling pressure, sliding from over $75 to around $7, a 95% drop.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This sell-off may explain why some critics believe the president could be misleading investors by using the TRUMP token as a vehicle.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cTRUMP coin is a scam, and its mere existence is embarrassing for all U.S. citizens,\u201d one user <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/operationdanish\/status\/1880599913446138156\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">posted<\/span><\/a><span data-preserver-spaces=\"true\"> on X. \u201cWe should expect better from our leaders.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Whether the president, linked to the meme coin, is a \u201cwolf in sheep\u2019s clothing\u201d remains to be seen. Many don\u2019t care, and the president himself sees no issue, even promoting it on X.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f985.png\" alt=\"\ud83e\udd85\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Trump is back at scamming the American citizens again.<\/p>\n<p>He is promoting the <a href=\"https:\/\/twitter.com\/search?q=%24Trump&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$Trump<\/a> meme coin that he endorsed 2 months ago, coin that lost 90% of its value since.<\/p>\n<p>This guy belongs to jail. <a href=\"https:\/\/t.co\/zZLP4ov79i\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/zZLP4ov79i<\/a> <a href=\"https:\/\/t.co\/CkLBHk9xCg\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/CkLBHk9xCg<\/a><\/p>\n<p>\u2014 MenchOsint (@MenchOsint) <a href=\"https:\/\/twitter.com\/MenchOsint\/status\/1903863108784848968?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 23, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">If the president thinks the TRUMP meme coin is \u201ccool\u201d and loves it, Freight Technologies is convinced now is the time to buy every circulating token.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Buying enough to rank high on the leaderboard could secure an invitation to dinner with Donald Trump on May 22.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Is This a Genuine Attempt to Promote Cross-Border Commerce or a Bribe?<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">For observers, Freight Technologies\u2019 decision to buy TRUMP tokens is a high-stakes gamble that could either pay off in the long term or irreparably damage its reputation (and finances).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">CEO Javier Selgas framed the move as a diversification of their treasury and a symbolic gesture to advocate for \u201cfair, balanced, and free trade\u201d between the United States and Mexico.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In their view, there\u2019s no better way to demonstrate their commitment to \u201cAmerica First\u201d than by buying TRUMP tokens. Looking at trading volume, the meme coin is undoubtedly one of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best cryptos to consider in May<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Freight Technologies is accumulating TRUMP amid fears of escalating tensions between the United States and Mexico due to tariffs. <\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"U.S.-Mexico border braces for Trump's tariffs\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/WyOzOShR3Sc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Trump imposed a 25% tariff on imports from Mexico and Canada for goods not covered by the USMCA.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While the impact is uncertain, Freight Technologies, which relies heavily on cross-border logistics, faces risks from these tariffs, which could disrupt its financial stability and, ultimately, profits.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Will this purchase help them secure favorable treatment from the Trump administration? If so, could it be considered a \u201cbribe\u201d?<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This is called a bribe.<\/p>\n<p>We all know it\u2019s a bribe. The freight company spending $20 million admits it\u2019s a bribe.<\/p>\n<p>Everyone understands this, and yet no one is holding him accountable \u2014 especially his own party which claims to care about law and order. <a href=\"https:\/\/t.co\/CXzZ2Yq16v\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/CXzZ2Yq16v<\/a><\/p>\n<p>\u2014 Melanie D&#8217;Arrigo (@DarrigoMelanie) <a href=\"https:\/\/twitter.com\/DarrigoMelanie\/status\/1919403387252003201?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 5, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">If Freight Technologies receives favorable treatment, will Donald Trump be held accountable?<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These are the questions raised by Melanie D\u2019Arrigo, former executive of Campaign for New York Health, on X.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:<\/span><\/strong> <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">11 Best Crypto Presales to Invest in May 2025 \u2013 Top Token Presale<\/span><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Freight Technologies Bet On TRUMP Meme Coin Backfires<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Freight Technologies will raise $20 million to buy TRUMP, one of the best Solana meme coins<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">FRGT prices rallied before crashing on Monday<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">TRUMP prices firm but <\/span><span data-preserver-spaces=\"true\">is<\/span><span data-preserver-spaces=\"true\"> under pressure after falling below $10 after peaking at $75<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Will Freight Technologies receive favorable treatment from the United States?<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/company-crypto-gone-wrong-trucking-company-stacking-trump-crypto-faces-major-losses\/\">Company Crypto Gone Wrong? Trucking Company Stacking TRUMP Crypto Faces Major Losses<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Freight Technologies will raise $20 million to buy TRUMP tokens. FRGT prices rallied before sinking. Will this ease U.S.-Mexico trade tension, or is it a bribe to win Donald Trump\u2019s favor? Rarely do stock prices surge by more than 100%. Three days ago, that\u2019s exactly what FRGT stock did. Stock prices of the small logistics [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25389","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25389"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25389\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}