When a US Crypto Stock Jumps 1,700% in a Day, Is It Crypto Hype or a Red Flag?
The post When a US Crypto Stock Jumps 1,700% in a Day, Is It Crypto Hype or a Red Flag? appeared on BitcoinEthereumNews.com.
Key Insights: QMMM crypto stock surged 1,700% in one day, after plans of a crypto treasury including Bitcoin, ETH, and others. U.S. stock rules have no daily limits, allowing extreme rallies like QMMM’s move to unfold. Despite hype, QMMM stock charts show signs of overheating, raising correction risks for U.S. stock traders. The crypto stock, QMMM Holdings, surprised markets with a 1,700% rally in a single trading day. The U.S. stock climbed from near $12 to over $207 before closing at $252, with gains above 15,000% year-to-date. The move came after the news of a $100 million crypto treasury targeting Bitcoin, Ethereum, and Solana surfaced. While this announcement helped the crypto stock price rise, questions remain whether such a sharp rise is sustainable. With after-hours trading already showing cracks, traders are debating whether this is genuine growth or a sentiment-led price surge. QMMM Holdings Look Weak: Crypto Treasury Promise Looks Bleak Then? The surge in QMMM stock came right after the company announced plans to set up a $100 million treasury in crypto assets. This included allocations to Bitcoin, Ethereum, and Solana. On the surface, it looked like a bold pivot into crypto. QMMM Plans A Crypto Treasury | Source: X But here is the catch: QMMM’s recent filings show it had less than $500,000 in cash and posted losses in earlier quarters. That raises the question: how can a company with such thin reserves suddenly support a $100 million treasury? Investors often jump on crypto-linked news because of the huge upside stories around Bitcoin and other coins. But such an announcement, without strong balance sheets or a clear plan, creates a shaky base. This explains why many are calling the move hype-driven rather than solid business growth for the crypto stock. Alleged Pump-And-Dump Scenario | Source: X How a…
Filed under: News - @ September 10, 2025 8:34 pm