Freight Technologies, a Nasdaq-listed logistics platform, announced plans to invest up to $20 million in $TRUMP tokens, a memecoin associated with political alignment ahead of the U.S. election. The company intends to raise the funds by issuing convertible senior notes, as disclosed in an 8-K filing. Following the announcement, Freight Technologies' stock price fell by 30%. Concurrently, some large holders of $TRUMP tokens reportedly incurred losses of approximately 760,000 tokens. Additionally, there are indications that Freight Technologies aims to position itself as a major player in the $TRUMP token ecosystem, drawing comparisons to MicroStrategy's role with Bitcoin. There are also emerging connections between the Trump family-supported DeFi project World Liberty Finance (WLFI), which launched the USD1 stablecoin, and other DeFi projects like StakeStone, suggesting potential collaborations within the Trump-affiliated crypto space.