Freight Technologies is set to secure $20 million for purchasing TRUMP tokens. Following the announcement, FRGT shares surged before they began to decline. Could this endeavor ease trade tensions between the U.S. and Mexico, or is it merely an attempt to garner favor with Donald Trump?

The firm has seen its stock prices fluctuate dramatically, jumping over 150% from $1.20 to $3.42, before a swift correction during after-hours trading, dropping below $2 in a matter of days.

The decision to stack TRUMP tokens is fraught with risks, as CEO Javier Selgas positions this acquisition as a step towards balancing their cryptocurrency investment strategy while promoting trade between the two nations.

Although the logistics company believes in the merit of adding TRUMP tokens to their portfolio, the cryptocurrency market does not share the same optimism; TRUMP coin has lost substantial value since its peak. Critics raise concerns that this could be seen as a financial incentive to the politician, increasing the likelihood of it being termed a bribe.

“This is a clear case of bribery. The freight company is outright admitting to it.” — Melanie D’Arrigo

As the firm navigates through these murky waters, many ponder whether this investment is a genuine strategy for better business operations or an attempt to win political favor.