**๐ Freight Technologies Bought $20 Million TRUMP Meme Coin for Treasury!** +
**๐ Key Points:**
- **Freight Technologies** (US-Mexico logistics company) announced **the purchase of $20 million in $TRUMP tokens** for its treasury.
- The company's stock **plummeted 20%** after this announcement. ๐
- Main reason: **Anticipation of the impact of US-Mexico trade tariffs**, not just crypto speculation.
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### **๐ Why Buy $TRUMP?**
- CEO Javier Selgas: *"The $TRUMP token is our way of advocating for fair trade between the US and Mexico."* ๐บ๐ธ๐ค๐ฒ๐ฝ
- **Speculation**: Is this an effort of โsoft lobbyingโ to President Trump for more favorable tariff policies?
- **Fact**: 80% of the $TRUMP supply is held by a company affiliated with the Trump Organization.
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### **๐ What is the Impact on the $TRUMP Price?**
- **58% surge** last week after major $TRUMP holders were invited to an **exclusive dinner with Trump**. ๐ฝ๏ธ
- However, the price is still **far from the ATH of $75.35** (January 2025).
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### **โ ๏ธ Risks & Controversies:**
1๏ธโฃ **Regulation**: The $TRUMP token has been criticized for potential conflicts of interest.
2๏ธโฃ **Volatility**: Meme coins are highly speculative โ prices can rise/fall drastically.
3๏ธโฃ **Freight Technologies Stock**: Traditional investors may be skeptical of this strategy.
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**๐ก Expert Opinion:**
*"This is a unique example of a public company entering crypto for political reasons, not just financial ones."*
**๐ข Disclaimer:**
$TRUMP is a **high-risk meme coin**. Always **DYOR** before investing!
#TRUMP #memecoin #crypto #FreightTech #defi