VanEck Cautions: XRP, Solana Treasury Hype by Micro-Caps Likely Fraud
VanEck alerts micro-cap firms might fake XRP and Solana treasury news to enhance stock prices. Trident Digital stimulates doubt with $500M XRP strategy despite having just a $16M market cap. Solana buying sprees raise flags as low-cap firms chase hype with no genuine funding. Crypto buzz turns dangerous as small Nasdaq companies announce billion-dollar treasury plans. VanEck advises caution as non-crypto companies jump into XRP and SOL with doubtful motives. A growing number of small-cap companies are revealing multi-million dollar XRP and Solana treasuries. These low-cap Nasdaq-listed companies are raising concerns for potentially misleading investors without considerable backing.
XRP Treasury Claims Raise Alarm
Singapore-based Spear Digital recently revealed plans to build a $500 million XRP treasury. Despite the ambitious target, the company has not disclosed any institutional backers. VanEck: $XRP, $SOL treasury plans by micro caps likely scams. VanEck’s Head of Digital Assets, Matthew Sigel, warns that current XRP and Solana treasury announcements by low-cap Nasdaq firms are likely ‘pump and dump’ plans.
Solana Treasury Statements Questioned
Classover Holdings, an educational technology firm, stated plans to raise $500 million to build a Solana treasury.
