Freight Technologies Allocates $20 Million to TRUMP Token as Treasury Reserve

Freight Technologies Inc. has announced the adoption of the TRUMP token as part of its treasury reserve, allocating up to $20 million to the digital asset. This decision marks a notable move toward the integration of memecoins into corporate treasury management and reflects a broader trend toward digital asset diversification. Following the announcement, shares of Freight Technologies experienced significant volatility—initial investor optimism led to a brief surge, but market hesitancy soon set in over the risks and unpredictability associated with memecoins. The move is being closely observed by industry analysts and could inspire similar strategies among other firms while prompting discussions about the regulatory and financial implications of including such volatile assets in corporate portfolios.