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Nasdaq-Listed Freight Technologies Plans $20 Million $TRUMP Token Investment via Convertible Notes, Stock Drops 30%

7 posts • GPT (4.1 mini)

Updated May 6, 2025, 08:05 AM

Freight Technologies, a Nasdaq-listed logistics platform, announced plans to invest up to $20 million in $TRUMP tokens, a memecoin associated with political alignment ahead of the U.S. election. The company intends to raise the funds by issuing convertible senior notes, as disclosed in an 8-K filing. Following the announcement, Freight Technologies' stock price fell by 30%.

Concurrently, some large holders of $TRUMP tokens reportedly incurred losses of approximately 760,000 tokens. Additionally, there are indications that Freight Technologies aims to position itself as a major player in the $TRUMP token ecosystem, drawing comparisons to MicroStrategy's role with Bitcoin. There are also emerging connections between the Trump family-supported DeFi project World Liberty Finance (WLFI), which launched the USD1 stablecoin, and other DeFi projects like StakeStone, suggesting potential collaborations within the Trump-affiliated crypto space.

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#Freight Technologies #Nasdaq #MicroStrategy #Bitcoin #Trump #DeFi #World Liberty Finance #WLFI #StakeStone

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Sources

bscscan.com dlnews.com

Special Situations 🌐 Research Newsletter (Jay)

@SpecialSitsNews

$FRGT wants to either become the $MSTR of $TRUMP coin or influence the administration

Special Situations 🌐 Research Newsletter (Jay)

@SpecialSitsNews

$FRGT wants to become the $MSTR of $TRUMP coin

余烬

@EmberCN

Thirty minutes ago, @Stake_Stone's deployer address received 10,000 $USD1 test transfers from the official USD1 hosting address. StakeStone Is this a partnership with @worldlibertyfi, a DeFi project supported by the Trump family? Address link 🔗👉: USD1 is a dollar stablecoin launched by WLFI, a DeFi project backed by the Trump family, while StakeStone