The US SEC suspended trading in the stock of QMMM, a crypto treasury company, saying its stock price was manipulated by social media.

Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) has suspended trading in the shares of QMMM Holdings Ltd., a digital media advertising company whose stock price soared nearly 1,000% in less than three weeks. The SEC said the stock may have been manipulated by social media promoters.

QMMM's stock price has risen 959% since the company announced earlier this month that it would establish a "diversified cryptocurrency fund" with an initial size of $100 million, primarily investing in Bitcoin, Ethereum, and Solana. (Bloomberg)