SEC Halts Trading in a Crypto-Treasury Firm After 1,000% Surge— What Triggered the Red Flag?

The US Securities and Exchange Commission has suspended trading in QMMM Holdings on September 29 following a dramatic surge in its share price, which jumped nearly 1,000% this month after the firm revealed plans to build a cryptocurrency treasury. The Hong Kong-based company’s move to allocate $100 million into Bitcoin, Ethereum, and Solana had triggered feverish demand among retail traders. Analysts note the sudden price action reflects the ongoing volatility when traditional firms pivot toward digital assets, even as regulators increase their scrutiny. SEC Cites Suspicious Market Activity In its official statement, the SEC explained that it was halting QMMM trading until October 10 amid concerns that “recommendations made to investors by unknown persons via social media” had inflated both volume and pricing source: https://beincrypto.com/sec-halts-trading-in-a-crypto-treasury-firm/