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Freight Technologies Plunges 12.1% on $TRUMP Token Investment

Mover TrackerThursday, May 1, 2025 5:39 am ET

1min read

On May 1, 2025, freight technologies experienced a significant drop of 12.1% in pre-market trading, reflecting a notable shift in investor sentiment.

Freight Technologies has secured a convertible note facility of up to $20 million to purchase Official Trump Tokens ($TRUMP). This strategic move positions the company as one of the first public entities to integrate $TRUMP into its digital asset strategy, demonstrating its commitment to diversifying its crypto treasury.

The initial tranche of $1 million is part of a broader initiative to accumulate Official Trump Tokens, aligning with the company's recent efforts to enhance its digital asset portfolio. This development underscores Freight Technologies' proactive approach to leveraging emerging technologies and digital currencies to drive growth and innovation.

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