Freight Technologies has announced plans to invest up to $20 million in the TRUMP meme coin, attracting market and investor attention.
Freight Technologies' Investment Plan
On May 3, 2025, Freight Technologies, Inc. announced its intention to invest up to $20 million in acquiring the TRUMP meme coin through convertible bonds. This decision reflects a new strategy in digital assets for the company. Javier Selgas stated, "We are raising up to $20 million through convertible bonds to fund the treasury and technology-driven growth of the TRUMP meme coin."
Market and TRUMP Coin Price
According to CoinMarketCap data, the official TRUMP meme coin is valued at $12.80 per token, with a market capitalization of $2.56 billion as of May 2, 2025. The trading volume has recently dropped by 21.48%, but the coin shows a 30-day gain of 24.80%.
Corporate Interest in Cryptocurrencies
The market reacted to Freight Technologies' actions with a significant share price increase of 38.05%. Historically, corporate investments in cryptocurrencies, such as MicroStrategy’s Bitcoin purchases, trigger substantial market speculation and volatility. These changes highlight the importance of a long-term integration strategy of new technologies into traditional business processes.
Freight Technologies' planned investment in the TRUMP meme coin underscores the growing corporate interest in digital assets and the opportunities they present in logistics operations.
