SEC Suspends Trading in QMMM Holdings Amid Crypto Treasury Surge

[kevin1]

The U.S. Securities and Exchange Commission (SEC) halted trading in QMMM Holdings on September 29 following a dramatic surge in the company’s share price. QMMM stock jumped nearly 1,000% this month after announcing plans to allocate $100 million into Bitcoin, Ethereum, and Solana.

The SEC cited concerns over “recommendations made to investors by unknown persons via social media” that may have inflated both volume and pricing. The agency has paused trading until October 10 to investigate potential market manipulation.

[EmTeam]

The SEC halting QMMM shows how quickly regulators step in when social media hype drives a 1,000% surge.

[Nahid Hossen]

A $100M crypto allocation sounds big, but the pause highlights fears of market manipulation.