Freight Technologies Could Now Be in a Position to Take the Top Spot in President Trump’s Corrupt $TRUMP Coin Dinner Competition

Another major Trump family-enriching crypto deal announced this week may have escaped notice next to the stunning $2 billion deal

A major Trump family-enriching crypto deal announced this week may have been lost in the shuffle next to the stunning $2 billion deal reported Thursday between Trump’s crypto firm, World Liberty Financial, and United Arab Emirates-backed investment firm MGX and Binance, of which “virtually every detail contained a conflict of interest.” Even Chinese crypto billionaire, alleged fraudster, and possible top $TRUMP coin holder Justin Sun was in attendance for the announcement that flew in the face of every conceivable U.S. presidential ethical norm.

However, also spotted by government watchdog Accountable.US was an April 30 announcement from shipping logistics tech company Freight Technologies (NASDAQ: FTECH) about its plans to acquire $20 million worth of $TRUMP tokens—the ethically fraught meme coin President Trump launched just days before taking office—in a brazen effort to sway federal trade policy.

The company’s CEO stated in a press release that its acquisition was part of a strategy to “advocate for fair, balanced, and free trade between Mexico and the US,” a seemingly open admission of influence-buying via the Trump family crypto venture. The purchase also comes at a moment in which Trump’s “constantly shifting” tariffs have shaken global markets and “confounded entire industries.” Meanwhile, politically connected firms have already won “narrow carve-outs behind closed doors” from Trump’s tariffs.

Freight Technologies’ (NASDAQ: FTECH) stock price also shot up nearly 300% in trading the day after the $TRUMP Coin acquisition was announced, going from $0.95 a share to $3.83 a share at its peak.

As reported by CCIV, companies owned by the Trump family make money off of trading fees when investors purchase the $TRUMP meme coin. Additionally, the purchase comes in the wake of an announcement that top $TRUMP coin holders would be treated to a private gala attended by President Trump, with the meme coin’s top 25 holders also receiving access to a “VIP reception.” Based on data from the $TRUMP Dinner leaderboard, if the company were to register for the dinner, $20 million worth of $TRUMP coin could position Freight Technologies as among the top holders in the contest. At face value, its $20 million investment (worth approximately 1.5 million $TRUMP tokens in early May 2025) would see it top the leaderboard as of May 1, 2025.

“The Trump family is making so many deals through its largely unregulated and secretive crypto ventures—including with foreign investors with business before the administration—that even an unseemly deal like this could fly under the radar,” said Accountable.US Executive Director Tony Carrk. “It’s just another day for Donald Trump that an international freight company is paying a $20 million tribute towards the Trump family fortune after openly wishing it will lead to administration tariff relief—perhaps even enough to take the top spot in his corrupt $TRUMP coin holder dinner competition. There’s little doubt this company is expecting some administration policy relief in return for their generous investment in the growing Trump crypto empire. It’s an indictment in and of itself that the President has paved the way for so much potential corruption for his own personal gain and at the public expense that few can keep up.”