Freight Technologies Backs TRUMP Meme Coin with $20M Investment Amid Trade Concerns
Freight Technologies (Fr8Tech) is making a bold $20 million bet on the TRUMP meme coin, framing the move as a strategic response to potential U.S.-Mexico tariff disputes. The Nasdaq-listed logistics firm claims the investment symbolizes advocacy for free trade, drawing parallels to MicroStrategy’s Bitcoin accumulation strategy—but with a far more volatile, politically charged asset.
The TRUMP token has plummeted 88% from its all-time high, raising eyebrows about Fr8Tech’s timing. While the company insists this isn’t political positioning or speculative trading, market observers question whether a logistics firm should be gambling shareholder funds on meme coins. The capital comes via a $20 million convertible notes offering to institutional investors.
