Freight Technologies, a cross-border logistics company, has announced its intention to invest $20 million in TRUMP meme coins. This decision has attracted significant attention and discussions about its implications amid upcoming tariffs between the U.S. and Mexico.
Reasons for Investment
According to the company's press release, the main goal of the investment is to promote active trade between the U.S. and Mexico. CEO Javier Selgas emphasized, "At the heart of our mission is the promotion of productive and active commerce between the United States and Mexico... We believe that adding official TRUMP tokens is an effective way to advocate for fair and free trade."
Impact on U.S.-Mexico Tariffs
Freight Technologies plays a key role in cross-border logistics between the U.S. and Mexico, utilizing AI to optimize trade. The threat of a trade war with Mexico could severely impact the company's operations. While some crypto companies have received indirect legal benefits after donating to Trump's inauguration fund, the question of the impact of Freight's $20 million investment remains open.
Response to TRUMP Meme Coin
After an unexpected invitation to an intimate dinner with the president for the top 220 holders of the TRUMP token, the price of the meme coin surged by 58%. However, despite this increase, the token still significantly declined in price compared to prior peaks.
Freight Technologies' investment in TRUMP meme coins raises questions not only about market implications but also regarding the possible political influence between the U.S. and Mexico amidst upcoming tariffs.
