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Trump Meme Coin

TRUMP Meme Coin Gets $20M Backing From Freight Tech Firm

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  • Freight Technologies (Fr8Tech) is investing $20M in the TRUMP meme coin, citing U.S.-Mexico tariff concerns and aiming to symbolically advocate for free trade.
  • The move mirrors MicroStrategy’s crypto playbook but swaps Bitcoin for a highly volatile, politically charged token tied to Donald Trump.
  • Despite theTRUMP Meme Coin‘s 88% drop from its peak, Freight claims the investment is strategic, not political or speculative, though critics question its motives.

Cross-border logistics firm Freight Technologies Inc. (Fr8Tech) has announced a $20 million stock offering to buy TRUMP meme coins, citing growing concerns over U.S.-Mexico tariffs as the core motivation.

The company’s decision mirrors the playbook of MicroStrategy, which famously converted its cash reserves into Bitcoin. However, unlike MicroStrategy’s institutional-grade embrace of crypto, Freight’s bet is a volatile, politically charged meme coin linked to former President Donald Trump.

Despite the coin’s controversial origins and massive volatility, dropping nearly 88% from its January peak, Freight Technologies says the purchase is less about speculation or politics and more about strategic advocacy.

Freight’s press release, dated April 30 but gaining traction after May 1, outlines the company’s rationale. With its operations deeply tied to U.S.-Mexico trade, Freight sees potential tariffs as an existential threat. Rather than seeking direct political favors or exemptions, the company is opting for a high-profile, high-risk symbolic investment.

“At the heart of our mission is the promotion of productive and active commerce between the United States and Mexico,” said CEO Javier Selgas. “We believe that adding Official TRUMP tokens is an effective way to advocate for fair, balanced, and free trade between Mexico and the U.S.”

Freight Backs Trump Crypto Amid Turmoil

The company currently employs AI-driven tools to optimize freight flows across the southern border and believes political instability could drastically hamper its logistics efficiency.

Some industry observers are skeptical. The TRUMP meme coin has faced criticism since its launch, with watchdogs warning of potential misuse and opaque ownership. According to the Wall Street Journal, CIC Digital LLC (linked to The Trump Organization) and Fight Fight Fight LLC control a staggering 80% of the TRUMP meme coin supply.

That has fueled speculation that Freight’s investment might be less about trade philosophy and more about gaining political favor. Historically, some crypto firms that contributed to Trump’s inauguration fund were later beneficiaries of regulatory leniency.

While Freight makes no direct appeal for a tariff exemption, its $20 million gamble could serve as a loud political signal. Whether it will work is another matter entirely.

Freight Stock Plunges After Trump Coin Bet

The timing of the announcement coincided with a sharp rebound in the TRUMP meme coin price. Last Wednesday, the coin rallied by 58%, jumping $5.32 to reach $14.32, after the project’s website teased an exclusive private dinner with Donald Trump for the top 220 holders.

Currently, TRUMP Meme Coin is trading at 12.58 USD with a 24-hour trading volume of 749,076,280 USD. The coin is down 3.70% in the last 24 hours.

TRUMP 1D graph coinmarketcap 1

The coin, however, still trades far below its January 19 all-time high of $75.35, just a day before Trump’s latest inauguration-themed announcements. To revitalize the token, Trump’s team has launched a series of digital initiatives, including NFTs and a crypto platform dubbed World Liberty Financial.

The market didn’t take kindly to the news. Fr8Tech’s stock dropped more than 20% after the crypto headlines hit, as investors appeared spooked by the company’s sudden pivot into the unpredictable world of meme tokens and political posturing.

Freight Technologies may be the first logistics company to construct a meme coin-based treasury, but with more firms exploring MicroStrategy-style strategies, they likely won’t be the last. Still, the fusion of freight, politics, and meme coins makes this one of the more bizarre corporate plays in recent memory.

Related | $MSTR Skyrockets 3000%+ After Embracing Bitcoin Standard, Says Saylor

TRUMP Faces Critical Support, Eyes Potential Recovery After 28% Drop

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  • TRUMP slips 28% in a week but shows signs of a potential rebound with a 2.53% daily gain
  • RSI drops to 13.01, pointing to extreme oversold conditions that may trigger a bounce
  • Technicals remain bearish with ADX at 87.3 and MACD in negative territory
  • A buy signal on the weekly chart and easing volume pressure hint at possible recovery

The TRUMP memecoin has come under intense selling pressure, plunging by 28% over the past week amid heightened market volatility. Despite the significant downturn, technical signals are beginning to hint at a possible recovery, sparking cautious optimism among traders and speculators.

As of now, TRUMP is trading at $0.000000002314, showing a modest 2.53% increase in the past 24 hours. The token’s 24-hour trading volume remains low at $2.00, with a market capitalization of just $168.91.

Oversold TRUMP Faces Make-or-Break Moment

From a technical analysis perspective, TRUMP remains under heavy bearish pressure. The price action is currently below all major moving averages, a classic signal of weakness in trend structure. Moreover, the token is testing critical support levels, which could act as a make-or-break zone for near-term price direction.

One of the most striking indicators is the Relative Strength Index (RSI), which has dipped into extreme oversold territory at 13.01. Such a low RSI reading typically suggests that selling has been overextended, opening the door for a potential price bounce. Adding to this volatility, the Bollinger Bands have widened significantly, with a current band width of 41.73%, indicating increased price fluctuations and potential for abrupt market moves.

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TRUMP Faces Critical Support, Eyes Potential Recovery After 28% Drop 4

The broader market structure further confirms the strength of the current downtrend. The Average Directional Index (ADX) stands at an aggressive 87.3, signaling a strong bearish trend. A negative MACD crossover at -1.18, combined with a bearish DMI spread of 3.5 versus 51.1, reinforces the downward momentum.

However, daily volume has dropped to $552.60 million, and the volume ratio has fallen to 0.87x. This decline in volume may suggest that the intense selling pressure is beginning to ease, potentially paving the way for a period of stabilization or reversal.

TRUMP Holds Support, Targets Rally Toward $17.94

Interestingly, a possible shift in momentum may already be forming. The TD Sequential indicator has flashed a buy signal on TRUMP’s weekly chart, a development that has historically preceded bullish reversals.

According to technical outlooks, if TRUMP holds above its immediate support at $7.13, it could set the stage for a breakout toward $11.96. A successful breakout above that level could open the path toward a broader rally with a target of $17.94.

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TRUMP Faces Critical Support, Eyes Potential Recovery After 28% Drop 5

While the current market sentiment surrounding TRUMP remains cautious, the convergence of oversold conditions, diminishing selling volume, and technical buy signals could signal the beginning of a recovery phase. However, given the high volatility and fragile structure of the memecoin, traders are advised to remain vigilant and manage risks accordingly.

The coming days will be critical for TRUMP. Whether it rebounds from its support levels or continues to slide will depend largely on broader market sentiment and renewed buying interest. For now, eyes are on the $7.13 support zone and the $11.96 breakout level as key technical levels to watch.

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Ripple, Galaxy Execs Loaned $160M to MoonPay Amid Trump’s Meme Coin Liquidity Demand

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  • MoonPay secured $160M in loans from Galaxy and Ripple to handle TRUMP memecoin demand.
  • TRUMP token surged to $10B market cap in 48 hours triggering a liquidity crisis for MoonPay.
  • MoonPay onboarded 750,000 new users after receiving critical loans during TRUMP launch.

The crypto exchange platform MoonPay encountered unexpected cash flow problems after Donald Trump’s TRUMP memecoin was officially launched. The rapid success of the TRUMP token created an extreme financial strain on MoonPay prompting them to seek help from Galaxy Digital and Ripple immediately.

Rapid Demand for TRUMP Memecoin Triggers Financial Scramble

TRUMP memecoin launched on January 18 triggered intense market demand which propelled its market value from $200 million to more than $10 billion within 48 hours. The token’s historical market rise led to its acceptance across multiple exchanges together with over $20 billion worth of trading volume during its first two days. The launch timing of Trump Coin occurred during a weekend followed by public holidays, so the exchange lost access to its fiat accounts and failed to meet required liquidity needs surpassing $100 million.

MoonPay contacted Mike Novogratz, who secured a $100 million USD Coin (USDC) loan to respond to their liquidity problem immediately. The rapid financial help enabled MoonPay to sustain trading activities throughout the initial demand surge for the TRUMP token.

The CEO of Moonpay, Ivan Soto-Wright, provided his Bitcoin holdings worth $100 million to serve as security for a loan the company received.

Additional Financial Support Amid Continuing Demand

The surge in trading volumes became even more intense after the crypto exchange introduced the Melania Trump MELANIA token, which caused it’s liquidity requirements to escalate rapidly. MoonPay executives identified that the existing loan amount was insufficient and they contacted Ripple for additional support.  The situation’s urgency led to the contracting of Ripple’s CEO, Brad Garlinghouse. Ripple issued a $60 million USDC payment as a loan when they conducted extensive investigations into MoonPay’s financial state and held assets.

Ripple’s extra funding was an essential safeguard for conducting business during the continuous increase in token requests. Moreover, the crypto exchange controlled its financial crisis through strong collaborative efforts between Galaxy and Ripple, showing operational strength in the cryptocurrency sector.

Stabilizing Operations and Expanding the User Base

The company showed strong financial capability by successfully replying to Galaxy and Ripple loans on January 21 after the holiday weekend. The quick solution and timely repayment of large-scale emergency loans proved the strong relationship and trust between MoonPay and its funding partners.

After the memecoin launch the crypto exchange experienced remarkable platform growth, with 750,000 new users signing up. The incident tested the company’s operational capabilities under high-stress conditions in the crypto market, strengthening its operational stability.