QMMM Stock Soars as Retail Investors Flock to Crypto Treasury Plans
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Hong Kong-based QMMM Holdings saw its stock climb from under $12 at the start of September to as high as $200—a gain of more than 1,500%—after unveiling its corporate cryptocurrency treasury strategy. Analysts note that the rapid rise reflects volatility often seen when traditional firms pivot to digital assets.
The company has yet to comment on the SEC suspension. Observers warn that the move could dampen speculative enthusiasm for corporate crypto adoption, as regulators intensify scrutiny of sudden trading spikes.