Behold a press release, slick as a serpent, whispering that some faceless, institutional grandee has agreed, via a âconvertible note facilityâ (doesnât that just tingle the spine?), to inject $20 million into the adventures of Freight, Inc. The first millionâa sacrificial lamb, if you willâhas already sauntered off, leaving the rest to preen in numbered accounts. Take heed: Freightâs treasure isnât to be squandered on yachts, yachts again, or even a regrettable golden toilet. No, these funds are earmarked exclusively for the glorious acquisition of TRUMP tokensâimagine, if you dare, a corporation pledging fealty at the altar of cryptoâs Don Quixote.
Javier Selgas, undoubtedly adjusting his cufflinks for maximum theatrical effect, pronounced, âThe addition of Official Trump tokens is an excellent way to diversify our crypto treasuryââas if crypto, like a fine wine, benefits from a few orange notes. He extolled virtues of âfair, balanced, and free tradeâ between Mexico and the U.S., thus delivering a diplomatic pirouette in the press. The rabble responded with Pavlovian enthusiasm: shares soared 111% before collapsingâinevitably, inexorablyâdown 21.6% after-hours. A classic Wall Street soufflĂ©: up, deflated, and ultimately edible only by those with strong stomachs.
Let us not accuse Freight of monomania. In a past episode (all washed in the sepia of nostalgia), the company splashed $8 million on FETâa token entangled in the digital tentacles of artificial intelligence. The scent is familiar; MicroStrategy, Semler Scientific, and Japanâs Metaplanet (5,000 BTC and counting, a hoarderâs delight!) have all been spotted lurking at the same buffet.
As we write, TRUMP tokens (the very essence of speculative bravado) hover at $11.53, sighing contentedly after a 10% swoon in the past 24 hours. One wonders if the tokens, like so many failed campaign promises, recall days when their worth was less⊠volatile.
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2025-05-03 21:57