The U.S. Securities and Exchange Commission has temporarily suspended trading in QMMM Holdings after the stock rocketed 959% in under three weeks on the back of a splashy crypto-treasury pivot.

In its suspension order, the SEC flagged potential manipulation via social-media “recommendations” by unknown parties that appeared designed to inflate price and volume. The halt took effect Monday and is slated to run for 10 trading days while regulators dig in.

QMMM announced it would allocate a $100 million portfolio across Bitcoin, Ethereum, and Solana, and also launch a crypto analytics platform.

The news triggered a sharp rise from around $11 to an intraday peak near $207, before the stock last traded around $119.40 before the freeze.

A Wider Crackdown on “Crypto Treasury” Pop-and-Drops

T

See Full Page