Some small companies, with very low market values, are immediately claiming to purchase a considerable amount of XRP and Solana whereas driving as we speak. These bulletins sound loud, however they elevate severe questions. Most of those firms haven’t any sturdy relationship with the crypto business and are very restricted in monetary help.
Only recently, Singapore-based Trident Digital Tech introduced plans to lift $500 million to construct a large XRP Treasury Ministry regardless of having a market capitalization of simply $16 million and incomes shares in inventory buying and selling below $0.40 on Nasdaq.
Vaneck: $XRP, $Sol Treasury Plans by Micro Caps are more likely to be head of the digital property of @vaneck_us, @matthew_sigel warns that the latest XRP and Solana Treasury bulletins are more likely to be a “pump and dump” scheme by slow-speed NASDAQ firms. Corporations corresponding to Trident Digital and Classover…
– World (@coinnessgl) June 13, 2025
Matthew Sigel, head of Vanek's digital property, believes these strikes are probably an try to lift the inventory worth of small companies.
Penny inventory in Crypto Titan? Vanek doubts that
He means that many of those bulletins are insider-driven pump and dump schemes, the place firm insiders hype the information to inflate inventory costs and promote the inventory for revenue earlier than costs plummet.
“Insider pump and dump makes an attempt – loads of them. If there's a market capitalization de minimis And there's no disclosure from new anchor traders, I feel it's a rip-off,” he mentioned.
In a latest X-Submit, Sigel highlighted Addentax Group, a Chinese language-based clothes firm based mostly at a multi-million greenback market capitalization, claiming it will purchase $800 million value of Bitcoin and Trump Coin. He blurted the ticker and warned his followers to not take such claims critically.
Penny shares registered within the US with a market capitalization of $3 million, which has introduced plans to purchase $800 million in BTC & Trump Coin, is not going to put up tickers. pic.twitter.com/tbwgt8bsu4
– Matthew Sigel, Recovering CFA (@matthew_sigel) Could 15, 2025
Defi Dev Corp joins the Ministry of Finance's pattern
Earlier this month, Classover Holdings, an Ed-Tech firm with lower than $4 shares and a market capitalization of lower than $100 million, introduced plans to lift $500 million from Solana Treasury. Equally, China's Webus Worldwide has revealed plans to construct a $300 million XRP Treasury Ministry with a market capitalization of lower than $100 million.
Defi Improvement Corp. takes Crypto Treasury's pattern a step additional. On Thursday, it introduced an settlement to promote as much as $5 billion value of shares to construct the Solana Treasury Division. Not like the others, the corporate claims that that is the principle enterprise focus.
The announcement has boosted stock, however many doubt that the corporate can increase that a lot. Just some months in the past, the market capitalization was $7 million. At present, that quantities to round $379 million. Sigel believes these small companies try to imitate Michael Saylor's Bitcoin Playbook, however there isn’t a actual monetary help.
