Freight Technologies’ Bold TRUMP Memecoin Move Triggers 108% Stock Rally

Freight Technologies Inc., a small U.S. logistics company, experienced a dramatic 108% surge in its stock price on Friday after revealing plans to invest treasury funds into the politically-themed TRUMP memecoin. The announcement propelled the company’s market valuation to $4.6 million, with an initial $1 million purchase planned and potential to expand the investment up to $20 million.

While the Houston-based firm’s shares soared, the TRUMP token itself showed little price movement. Regulatory filings indicate the crypto purchase will be funded through proceeds from convertible notes. This unconventional treasury strategy mirrors MicroStrategy’s Bitcoin accumulation approach, though applied to a meme asset linked to the former U.S. president.

The market response underscores how cryptocurrency-related announcements continue to significantly impact traditional equity valuations, especially for microcap stocks. Freight Technologies, which specializes in cross-border freight coordination between the U.S. and Mexico, has made an unexpected pivot into digital assets with this move.