Freight Technologies’ TRUMP Token Gamble Backfires as Stock Surge Fizzles

Freight Technologies’ bold move to allocate $20 million toward TRUMP meme tokens has triggered extreme volatility in its stock. FRGT shares skyrocketed 150% to $3.42 before surrendering most gains, highlighting the market’s skepticism about corporate crypto speculation.

The logistics firm’s attempt to position itself at the intersection of political crypto trends and cross-border trade solutions appears misguided. Rather than easing U.S.-Mexico tensions as suggested, the token acquisition resembles a transparent attempt to capitalize on election-year hype.

Such corporate crypto experiments risk eroding investor confidence when poorly executed. The rapid reversal of FRGT’s gains serves as a cautionary tale for public companies dabbling in volatile digital assets without clear strategic purpose.