TRUMP Meme Coin and Freight Tech Stocks Plummet in Tandem Amid Risky Treasury Strategy

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-05 20:38:13

[TRADE_PLUGIN]TRUMPUSDT,TRUMPUSDT[/TRADE_PLUGIN] TRUMP News -

Freight Technologies’ stock plunged 30% to $1.50 after revealing an unorthodox treasury strategy involving Trump-themed meme coins. The logistics company’s shares had initially spiked when it announced plans to invest millions in TRUMP tokens—a move CEO Javier Selgas claimed was political commentary on US-Mexico trade relations.

The TRUMP coin followed suit, dropping 25.5% over the week to trade under $11. These parallel declines underscore the high-risk convergence of meme assets and corporate finance, where speculative crypto investments can exacerbate traditional market volatility.

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