- Freight Technologies' stock fell to 20% following the $ 20m announcement of the Trump token token.
- The Trump Meme Coin price declined by 5.86%, and market cap was reduced to $ 2.48 billion in 24 hours.
Freight Technologies Inc. Ay announced Plans for a $ 20 million offering stock to get Trump's meme coins. The company's investment represents an early emergence of Trump's integration into public operations in the business ark. The approach reflects the methods of bitcoin integrating microstrategy by incorporating digital tokens into financial operations.
Decision by Tariffs Drive Company
According to CEO of Freight Technologies Javier Selgas, move centers around the upcoming US-Mexico trade tariffs. These taxes threaten cross-border commerce operations between the two countries.
According to the CEO, financial investment supports fair trade and free commercial exchanges, key to the business goals of shipment technologies. The United States considers Mexico as the chief partner in its trading, making this decision important for freight technologies.
The company briefly noted the interests in the artificial intelligence and technology of the web3 as factors of motivation for the purchase of digital ownership. However, tariff -related business challenges dominate the reasoning of freight technologies for investing in Trump's tokens rather than cryptocurrency itself.
Reaction of stock market
Preliminary reports of Freight Technologies token plans' emerged on April 30, but public attention began on May 1. Following widespread scope throughout the cryptocurrency news platforms, freight technologies experienced a well -known collapse in its stock value. The company's sharing price fell dramatically, dropping more than 20% shortly after news spread to public forums and investment circles.
Data from the trading view indicates that the freight Technologies Inc. (NASDAQ) is trading at $ 0.9848, marking a sun -loss of 20.58%. The MACD indicator shows the mixed signals, lined with the MACD at 0.0307, above the signal line at -0.0255. This indicates some bullish momentum despite the downfall of prices, yet the narrow gap suggests weakening bullish strength.
RSI (Kamag -child Index Index) currently reads 47.66, close to a neutral level of 50. Since the RSI is below 50, the sale of pressure is more than buying momentum. In addition, the RSI was just reversed suddenly after reaching the middle, lending support to bearish sentiments.
If the RSI is moving below 45, it can strengthen the sale of pressure, pushing the price up to recent support levels around $ 0.91. Conversely, stabilizing above 50 reflects the improved consumer activity, probably encouraging recovery to a high $ 1.21.
Trump's token market performance has been disclosed
Trump's token performance at the time of the press, CoinMarketCap data indicates that Trump's official token is currently trading for $ 12.43, showing a 5.86% price decline within 24 hours. Its market capitalization stands at $ 2.48 billion, down 5.79% compared to the previous day. Trade volume drops significantly, dropping 18.81% to a total of $ 769.47 million at the same time.
The token's fully diluted valuation (FDV) is $ 12.41 billion, reflecting the maximum supply of Trump's 999.99 million tokens. Moving -Moving supply maintains an established level of 199.99 million Trump. During the detected trading period, the token reached the maximum value of $ 13.16 but experienced an ongoing decrease until its current value reached. The current market value represents a full-time low for today's trading sessions.
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