• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Concerns Over Altcoins Like XRP and Solana Amid Small-Cap Acquisitions

Concerns Over Altcoins Like XRP and Solana Amid Small-Cap Acquisitions

user avatar

by Giorgi Kostiuk

2 months ago


Several small-cap companies have announced plans to acquire large amounts of altcoins such as XRP and Solana, raising concerns about market manipulation.

Altcoin Purchases and Manipulation Concerns

Small companies have begun reporting significant acquisitions of popular altcoins such as XRP and Solana. Matthew Sigel from VanEck raised concerns that these actions could be attempts to manipulate stock prices. He pointed out the lack of transparency and new investor disclosures as substantial risks, equating many activities to scams.

Many are insiders trying to pump and dump; if the market cap is negligible and there are no new investors disclosed, I would consider this a scam.Matthew Sigel, Head of Digital Assets Research, VanEck

Demand for Regulatory Oversight

Coincu researchers emphasize that the lack of financial transparency and investor information regarding these purchases poses significant concerns. These activities may necessitate further regulatory scrutiny, especially given the looser conditions in the cryptocurrency market in recent years.

Market Reaction to New Developments

XRP's current price is $2.12, with a market cap of $124.74 billion. The trading volume in the last 24 hours reached $2.01 billion, declining by 57.37%. Reports of large altcoin purchases by small companies have led to caution among investors, who are questioning the real motivations behind such acquisitions.

The acquisition of altcoins by small companies raises many questions about transparency and the reliability of these actions. In light of potential market manipulation by small companies, regulatory actions must be closely monitored.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Increase in Whale Transactions: 7.76 Trillion PEPE Tokens in Motion

chest

Whale transactions involving PEPE tokens surged 45% amid overall market decline.

user avatarGiorgi Kostiuk

PlayerZero Raises $15 Million to Address Buggy Code with AI Agents

chest

PlayerZero announces a $15 million raise to develop AI agents that address errors in software code.

user avatarGiorgi Kostiuk

Polygon Heimdall V2 Suffers Outage, Service Restored

chest

Polygon Heimdall V2 experienced an outage due to a suspected consensus bug, but the service was quickly restored.

user avatarGiorgi Kostiuk

Strong Job Growth in the U.S.: 104,000 Jobs Added in July 2025

chest

In July 2025, U.S. employers added 104,000 jobs, beating forecasts and signaling a rebound in employment.

user avatarGiorgi Kostiuk

Piggy Bank Daily Combo: A Unique Reward Gaming Platform

chest

Piggy Bank Daily Combo offers innovative coding tasks and daily rewards. Learn how to be part of this exciting game.

user avatarGiorgi Kostiuk

Falcon Finance Secures $10 Million Investment for DeFi Ecosystem Development

chest

Falcon Finance has announced a $10 million strategic investment from World Liberty Financial to enhance its digital dollar technologies and interoperability.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.