Cross -border logistics company Freight Technologies Inc. Has announced a $ 20 million shares to buy Trump MEME coins, imitating the Microstrategy model for its Treasury.
According to the company, his decision is less of Trump or Cryptocurrency and more for the upcoming US-Mexico tariffs This threatens business needs.
Trump Meme coin faces the possible abuse of President's crypto wealth
Trump's meme coin has been debatable since its launch. Much of the President's cash is wrapped in crypto. An influential group of experts and former regulators have said that the coin is concerned about possible misuse.
Commercial technologies that report that they intend to spend $ 20 million on the construction of the Trump Treasury have only added to that concern.
The company's press release provides an overview of the investment grounds. Although this is briefly concerned with the interest of freight transport in AI and Web3, the main focus is on how US-Mexico trade tariffs can affect the company:
“At the heart of our mission is to promote productive and active trade between the United States and Mexico. Mexico is a top trading partner in the United States. We believe that adding official Trump signs is an effective way to promote fair, balanced and free trade between Mexico and the US.”
Freight Technologies investment-based speculation over US-Mexico tariffs and shares
Freight Technologies plays a key role in cross-border sending with Mexico and uses AI to optimize trade between two countries.
The company sees the potential of the trade war with Mexico to seriously disrupt its activities. Although President Trump has previously given tariffs to certain companies, the company's statement does not specifically turn to him for such carving.
According to reports, some cryptocurrencies received indirect legal advantages after donating to the Trump Inauguration Fund, some donations are $ 100,000. So, could Freighti's $ 20 million investment be impressed?
Although it is difficult to make accurate allegations, the activities of the company-related company will raise the Eyebrow-Mausmus from its reasons for US-Mexican trade relations shopping centers.
The press release briefly mentions that Trump's chips could help to diversify the company's crypto volume, but it is the only one that is not associated with the tariffs mentioned.
Let's say that freight technologies are indeed trying to influence the president. In this case, it seems likely that the company would prefer to completely remove Mexican tariffs, not only to apply for an exception.
In any case, this purchase of Trump may turn out to be the bad news of Freight shares. The press release was first written on April 30, but received a lot of attention in the cryptographic circles of May 1. When the headlines are spread, the company's shares fell by more than 20%.
This must be viewed carefully. More companies are created by strategy -style plans around cryptocurrencies. Freight transport technologies may be the first, but are unlikely to be the latter.
Trump's meme coin rises 58% after an exclusive dinner invitation to top holders
President Trump's meme -coin, which had fallen 88% from his recent peak, experienced last Wednesday after the coin's website called for the 220 best owners of the digital sign with the President to “intimate private dinner”.
After the dinner invitation, posted on the $ Trump Memi Coin website and Twitter account, the coin's value increased by $ 5.32, or 58%, ranging on Wednesday afternoon to $ 14.32. However, this growth only partially offset the significant decline in the coin at its highest $ 75.35 on January 19th, the day before Trump's appointment.
The invitation of the dinner will allow Trump's coin investors to have the opportunity to “President Trump, a close -up of the future of crypto!” Trump, who has expressed the US to a global cryptocurrency hub, has also triggered several digital activities, including the NFTS brand “Trump Digital Trading Cards” and a cryptocurrency platform called World Liberty Financial.
According to the Trump coin website, the Trump organization affiliates CIC Digital LLC and Fight Fight Fight LLC with 80% MEM MOIN. Fight Fight Fight on Delaware LLC, as reported by The Wall Street Journal.
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