Overview
- Trading is paused until 11:59 p.m. ET on October 10 under the SEC’s temporary suspension order.
- QMMM disclosed on September 9 a plan to build a $100 million diversified crypto treasury targeting Bitcoin, Ethereum, and Solana.
- The stock jumped about 959% in under three weeks, spiking intraday to roughly $207 before last trading near $119.40 ahead of the halt.
- The SEC says unknown parties issued online recommendations that appeared designed to inflate price and volume, and it issued a similar suspension for Smart Digital Group.
- Journalists flagged coordinated influencer posts and bot-style activity promoting $QMMM, as exchanges and regulators step up scrutiny of hype-driven crypto-treasury announcements.