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Freight Technologies Secures $20M to Purchase Official Trump Token

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  • Freight Technologies invests $20M in Official Trump Token (TRUMP)
  • $1M initial fund committed for TRUMP token purchase, $19M available
  • Freight Technologies aims to diversify treasury, boosting  US-Mexico trade ties

Freight Technologies (FRGT) has obtained up to $20 million in funds to purchase the  Official Trump Token (TRUMP). The logistics tech firm, which focuses on cross-border trade between U.S. and Mexico, intends to use the funds to diversify its digital asset portfolio and TRUMP-centered crypto treasury. This positions Freight Technologies as one of the few public companies that invest in cryptocurrency.

The company has partnered with an institutional investor and secured a convertible note facility to fund the exclusive investment in TRUMP tokens. The initial $1 million investment has been distributed, and the other $19 million is available for subsequent drawdowns. All funds will be dedicated to purchasing TRUMP which demonstrates Freight Technologies’ confidence in the token’s role in their digital asset strategy.

Freight Technologies recently acquired FET tokens worth about $8 million. The firm plans to use FET tokens to boost its AI-driven logistics platforms because these tokens are essential to its technological infrastructure. This approach to merging blockchain with its operations positions Freight Technologies as a leader in the logistics and cryptocurrency sectors.

Freight Technologies’ TRUMP Acquisition Sparks Concerns

Freight Technologies’ CEO, Javier Selgas, has stressed the firm’s dedication to stimulating active trade between the U.S. and Mexico. Selgas stated that Mexico is a major U.S. trading partner as an export destination and source of imports. The company believes the TRUMP investment will expand its treasury as well as support fair and balanced trade policies between the U.S. and Mexico.

However, the TRUMP investment has attracted attention and backlash from different quotas. Some critics argue that the purchase of a memecoin tied to a political figure could lead to a conflict of interest. Trump  recently announced that he will host top TRUMP token holders to a private dinner, which intensified concerns about undue influence on political decisions.

Market Reaction to TRUMP token Acquisition

After the firm announced the acquisition of TRUMP tokens, Freight Technologies stock prices increased by more than 111%. However, the stock saw a 21.6% decline in after-hours trading. The price fluctuations demonstrate the volatility and possible risks inherent in cryptocurrency investments.

Freight Technologies continues to modernize the flow of goods in North America. The firm offers products such as cross-border freight booking and transportation management. Freight Technologies seeks to leverage the TRUMP and FET tokens to improve its operations as well as effectively manage digital assets and international trade.

TRUMP token currently trades at $12.7, which shows an impressive 42% increase in price in the last 30 days.

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TRUMP Token Faces Downtrend as Whales Transfer 126K Tokens

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  • Whales transferred 126K TRUMP tokens worth $1.64M to Bybit, likely preparing to sell and secure profits.
  • Bearish technical indicators, including RSI and stochastic oscillator crossovers, point to continued downward momentum.
  • If the $11.40 support level breaks, TRUMP could fall toward $9.20, dipping below the key $10 threshold.

When President Donald Trump announced an exclusive dinner for top holders of the Official Trump [TRUMP] token, whales, the largest holders in the crypto space, rushed to secure their positions, driving the memecoin’s price to a peak of $16.43. However, the initial frenzy of accumulation now appears to be losing steam, with market sentiment shifting as whales begin to exit the scene.

After an explosive surge, TRUMP has entered a period of decline, trading within a descending pattern for six consecutive days. This downturn follows the mass accumulation of whales, who seem to be unloading their positions, signaling caution among recent buyers and an overall shift in market sentiment.

According to on-chain tracker @ai\_9684xtpa, the top five whales on Trump’s dinner guest list have transferred a substantial amount of their holdings, 126,000 TRUMP tokens, onto Bybit, a popular cryptocurrency exchange. The tokens, worth $1.64 million at the time of transfer, were initially acquired at an average price of $13.02. These whales are now reportedly looking to sell at $9.71, meaning they stand to make a profit of approximately $420,000 at the current market price.

In crypto markets, whale activity on exchanges is often seen as a bearish signal, as large sales can create significant selling pressure. If these holders proceed with their planned exit, it could potentially push TRUMP’s price lower, particularly if other buyers fail to step in to absorb the selling volume.

TRUMP Token Faces Bearish Market Shift

The current market conditions further corroborate this bearish outlook. TRUMP Token is under significant downward pressure as sellers dominate the market. The order delta, which tracks the difference between buy and sell orders, has turned negative, indicating that more sell orders are being executed than buy orders, a classic sign of increasing bearish sentiment.

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This negativity was also reflected in the memecoin’s technical indicators. TRUMP Token recently experienced a bearish crossover on its Relative Strength Index (RSI), a signal that typically suggests the growing influence of sellers. This bearish shift is backed up by a previous bearish crossover observed in the Stochastic Oscillator, further validating the expectation of continued downward pressure.

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TRUMP Faces Declines as Whales Exit

As whales exit and selling pressure mounts, TRUMP’s price could face further declines. The memecoin’s immediate support level lies around $11.40. Should this level fail to hold, the next critical support zone is at $9.20, putting the token at risk of falling below the psychologically important $10 mark.

The only thing that could reverse this bearish trend is a shift in whale behavior. If these large holders decide to re-enter the market and accumulate once again, it could create upward pressure and shift the sentiment toward bullishness. However, for now, it seems more likely that TRUMP will continue its descent as selling activity remains strong.

Moreover, TRUMP Token is currently navigating through a turbulent phase, with whales looking to cash out and market sentiment turning increasingly bearish. Investors will need to closely monitor the next few days to see if the token can hold its support or if further selling will push it to new lows.

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TRUMP sees $6.4M whale buying spree ahead of exclusive dinner event

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  • TRUMP sees a $6.4M whale buying spree ahead of Trump’s exclusive dinner event, signaling renewed big-player confidence.
  • Two major whales reversed course, pouring millions into TRUMP after previously selling off or reallocating from other tokens.
  • Despite heavy whale accumulation, derivatives data shows a market still torn between bulls and bears, with no clear momentum shift yet.

Official Trump [TRUMP] recorded a modest 1.57% uptick, a stark contrast to the explosive 79% rally it enjoyed just a week earlier. Although momentum appears to have cooled, on-chain data suggests that whales and major spot market players remain deeply engaged, hinting that a larger move could still be in the making.

Despite steady accumulation by big players, derivatives market data reveals a growing tug-of-war between bulls and bears, with no clear winner yet.

Interestingly, the recent surge in whale activity appears to have been reignited ahead of Donald Trump’s much-anticipated exclusive dinner event. Two new whale investors have stormed into the TRUMP market, snapping up an eye-watering $6.42 million worth of tokens combined.

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One whale, who had previously liquidated their token holdings, reversed course following the dinner announcement. They scooped up 337,950 tokens, totaling around $5.2 million in new buys, a major sign of renewed conviction. Meanwhile, a second whale shifted strategies entirely, selling off their holdings in Fartcoin [FARTCOIN] to reallocate $1.22 million directly into TRUMP.  

This sudden spike in buying activity followed two days of heavy spot market selling, which had previously dragged TRUMP’s momentum to a standstill. Just days ago, spot traders offloaded a massive $27.63 million worth of TRUMP tokens within 24 hours, a selloff that paused the bullish wave and raised doubts about a sustained rally.

TRUMP whales show strength but the market stays cautious

While whale activity hints at underlying bullishness, derivatives market indicators paint a more complex picture. Liquidation data over the past day shows an almost perfect balance between bullish and bearish traders: $4.42 million worth of long positions were forcefully closed, alongside $4.37 million in short liquidations. This near-parity suggests the market remains undecided, with neither buyers nor sellers gaining a clear upper hand.

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Adding to the mixed signals, the OI-Weighted Funding Rate, a key gauge of futures market sentiment, has ticked up into positive territory at 0.0116%, suggesting a slight bullish lean. However, the broader funding rate remains negative, dipping to -0.0019% at the time of writing. A negative funding rate typically signals that short traders are paying a premium to maintain their bearish bets, hinting at underlying pessimism.

image 266

Further weighing on sentiment is the derivatives trading volume, which remains in the red, reflecting a reduction in speculative activity. Additionally, the long-to-short ratio, another important sentiment gauge, currently sits below 1, indicating that selling pressure still dominates.

If selling momentum continues to prevail, TRUMP’s price could face further headwinds despite ongoing whale support and spot market stabilization.

In short, TRUMP is at a crossroads: big players are making aggressive moves, but broader market metrics suggest caution remains the dominant mood. Whether the whales can swing the market back into bullish territory or if sellers will ultimately overpower the rally remains the key storyline to watch in the coming days.

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Whale Loses $3.8M on $TRUMP, Then Buys Back High

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  • A crypto whale lost $3.8 million on $TRUMP trades but managed to buy back what he sold later at a higher price.
  • From the whale’s series of token transfers, it appears to be a strategy of scaling positions at a slow pace as the Trump dinner date gets closer.
  • Large amounts of USDC were withdrawn to fund purchases of the $TRUMP token, which were transferred out of Binance.

A major crypto whale recently performed a series of unfavorable moves into and out of the $TRUMP token, resulting in a $3.8 million loss before buying back at higher prices. 

The whale withdrew 10 million USDC from Binance last month, reportedly split across two wallets. On April 15th, he purchased 630,000 $TRUMP tokens with 5 million USDC at an average of $7.93 per token.

Just five hours before the Trump dinner announcement, the whale suddenly sold all 630,000 $TRUMP tokens for approximately 5.48 million USDC, averaging $8.70 per token. In this case, he turned 5 million USDC into 5.48 million USDC within a few days, resulting in a paper profit of $483,000.

His wallets after the sale contained 10.48 million USDC.

Whale’s $3.8M Loss Explained

Interestingly, a full glance at the accompanying blockchain chart shows a much messier situation. In the past two months, the whale has been involved in many trades.

Source: @EmberCN

At the beginning, several million USDC from Binance’s hot wallets were moved at once into his addresses. Some of these funds were later converted back to USDC or converted into other smaller tokens like IPLR or SOL (Solana).

Furthermore, the whale had been swapping small amounts of SOL in the last one to three weeks, including 0.0957 SOL for $12.41 and 0.1 SOL for $12.99. At the same time, much larger trades of $TRUMP, such as 316,627 $TRUMP tokens, were moved two times, amounting to roughly $2.49 million and $2.85 million, respectively.

These repeated $TRUMP trades appeared like the whale was simply gradually adjusting their position for scaling purposes rather than making one large purchase.

Crypto Whale Shuffles Tokens

The initial 10 million USDC withdrawal was said to be divided into batches, as transfers of around 2.5 million USDC were recorded repeatedly through Binance’s hot wallets to his addresses in the last two months.

He also bought $TRUMP worth a total sum of $10,000, which is a minuscule amount in comparison to his purchase of 10,000 IPLR tokens for $6.37.

Trump Dinner: Crypto Chatter Sparked as Million Dollar Token Is Withdrawn

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  • 150,100 TRUMP tokens (close to $2 million) were withdrawn from Binance, eliciting waves of speculation.
  • The massive transfer is suspected to be in connection with the $TRUMP dinner event.
  • This move is reigniting attention in the TRUMP token, causing people to wonder about a possible whale activity and market influence.

A flurry of transactions has awakened the interest of the crypto community after a new wallet made its way to pull TRUMP tokens worth several million dollars’ off Binance, one of the world’s biggest cryptocurrency exchanges.

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Source: X @Lookonchain

The transfer, just under an hour before it was posted by Lookonchain’s X handle, has sparked widespread speculation — especially since it was made in connection with the planned TRUMP token dinner event.

New Wallet Suddenly Funded with $1.94M

Suddenly, the wallet, which had not been active before, had 150,100 TRUMP tokens sent to it, in the form of five transfers from Binance. At that time, the total value of tokens was roughly $1.94 million.

When Binance moved those TRUMP tokens, it began with 100,099.95 tokens worth approximately $1.28 million, then around 40,000 tokens for approximately $517,000, and 39,999 tokens for approximately $129,000. The crypto community had a major reaction to these large transactions happening within the same hour.

Additionally, that same wallet made very small transactions in SOL, a 0.001 SOL transfer (roughly 15 cents) and a return of 0.099 SOL (roughly 15 dollars). Although these are small, these transactions do indicate wallet activation or spending on a fee, which shows the wallet was just created.

Lookonchain Links Transfer to TRUMP Dinner

Lookonchain tweeted in the platform’s X account that the said transaction could be made in reference to the “$TRUMP dinner” party for TRUMP token holders and fans. It’s still unclear if these token transfers were for symbolic, political, or for promotional purposes. 

This type of transaction is very common in cryptocurrency, and they are done by big players in the market for their own benefits. But this very transaction is more interesting for these reasons: the timing, token and the event in discussion. The TRUMP dinner continues to make the headlines, with recent report indicating that Tron Founder, Justin Sun, has also registered for the event.

TRUMP on the Edge? A Drop to $8 Looms if This Key Level Fails

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  • TRUMP could drop to $8 if it loses the $10 support level, says Ali Martinez.
  • The resistance level for TRUMP is between $10.700 and $11.500, while it is currently trading at $10.163 (down 2.62%).
  • Similar to the broader market, this token has been volatile in the last 12 hours.

A critical price analysis of the TRUMP token has been provided by Ali Martinez, a renowned cryptocurrency analyst. In a post on X, Martinez shared a chart showing the cryptocurrency’s price action on the Binance exchange. 

The chart indicates that the token’s price below the $10 support could trigger a downward trend, bringing the token’s price to $8. 

Potential Breakdown Signals a Critical Moment for TRUMP

Martinez’s chart shows a TRUMP/USDT perpetual contract on a four-hour time frame, with important support and resistance levels. It also shows that the memecoin’s price has been trading within a particular range, with the most recent price being $10.163, down 2.62% in the last session.

The token’s high in the last 24 hours was $10.668, followed by the low for today at $10.137, pointing to a narrow trading range as traders await the next movement. A rally in TRUMP once happened, and it caused the price to move above $12.500. 

However, the token encountered strong resistance, which caused its price to retrace significantly. During the decline, the price first consolidated around $11.500, then broke down toward the $10.700 support.

The price has further declined because of the continued bearish pressure, now hovering around the critical $10 support level. As Martinez warns, if this level does not hold, TRUMP might fall towards another support level around $8; it also risks falling further below it.

Will Buyers Defend $10 or Give Way to Bears?

TRUMP has been closely watched by market participants to see whether it can maintain this position or if selling pressure will bring its price lower. If bearish momentum strengthens, stop losses will be triggered all around, playing out like a slope and dropping the market to the next major support zone. 

However, a strong rebound from this level could indicate another attempt to break the $11.500 resistance.

Trump’s WLFI Token Sale Set To Launch Ahead Of 2024 Presidential Election: Report

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  • Trump’s World Liberty Financial (WLF) launches WLFI tokens, sparking debate on campaign finance and private ventures.
  • WLFI token holders gain governance rights on the Aave DeFi platform, raising concerns about political motives.
  • With 70% of WLFI tokens reserved for insiders, critics question fairness and transparency in Trump’s latest venture.

Donald Trump’s new business idea, the World Liberty Financial (WLF), will be selling its tokens called WLFI starting Tuesday, in what can be considered the first token sale by a U.S. presidential candidate. As the United State of America’s presidential election is just three weeks away, this new $1.8 billion venture has sparked debate on the possible real motives behind it and the existing or emerging conflicts of interest.

The WLFI tokens based on the decentralized finance (DeFi) platform Aave are created as a governance token that gives its holders the right to participate in the voting process concerning the further development of the protocol. Nevertheless, the audience has once again paid much attention to Trump’s post on X and, as usually, the critics have not left without mentioning the previously failed business activities of the US president. 

WLFI and Private Enterprise Links

It is significant that a presidential candidate is selling WLFI tokens and may create new links between campaign finance and private enterprise. The structure of Trump’s venture through a decentralized model leads to issues on the proper use of funds raised. 

While, it is expected to mop up $537 million with 30% of tokens on sale being open to the public and 70% being retained by insiders, which has only worsened the inequality debate. WLF is an asset-backed, lending and borrowing pool developed on the Aave protocol, and WLF has allocated 7% of its total tokens and 20% of all future fees to Aave’s DAO.

Political and Financial Implications

The timing of the WLFI token sale have raised question as to the position of this new player on the political map. While experts weigh in on the monetary implications, fears are being raised that this may erode the principles of campaign finance. WLFI being up for sale and having political and financial relations; this sale is being watched as the United States of America’s presidential election draws near.

This venture has raised eyebrows with people demanding that the authorities should be more careful to check that this new combination of crypto and politics is compliant with the law. During the course of the sale, its effects in the political and financial sectors continue to be a major discussion.