Freight Technologies, a logistics firm, has witnessed a significant decline in its stock price, dropping 30% to around $1.50, just three days after announcing plans to invest heavily in the Trump meme coin, known as TRUMP. The company's shares had previously soared to $3.83 following the announcement. CEO Javier Selgas has emphasized that acquiring TRUMP tokens will support their stance on advocating for fair trade between the U.S. and Mexico. The price of TRUMP has also fallen below $11, reflecting a 25.5% decrease over the past week. Concerns have arisen regarding potential ethical implications, as critics argue that this move may allow wealthy individuals and companies to gain political favor. Freight Technologies previously purchased $5.2 million worth of Fetch.ai tokens, indicating its growing interest in utilizing cryptocurrency within its operations. This investment in the Trump meme coin has sparked discussions about the intersection of politics and business in the crypto space.

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