• 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

a month 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

Bitcoin Reacts to 2.7% Increase in US CPI

chest

US Consumer Price Index rose by 2.7%, impacting Bitcoin volatility and the cryptocurrency market.

user avatarGiorgi Kostiuk

Arcadia Finance Hit by $3.5 Million Attack on Base

chest

DeFi protocol Arcadia Finance has suffered a $3.5 million attack on the Ethereum Layer-2 network Base, according to Certik.

user avatarGiorgi Kostiuk

Which Crypto Asset is More Likely to Make You a Millionaire: XRP or Solana?

chest

A study compares XRP and Solana regarding their potential for significant capital growth in the future.

user avatarGiorgi Kostiuk

Bitcoin Price Prediction: $128,000 to $155,000 by 2025

chest

TD Cowen increases its Bitcoin price forecast, expecting it to reach $155,000 by the end of 2025. Overview of the company's strategy.

user avatarGiorgi Kostiuk

Early Ethereum Investor Transfers 4,900.5 ETH Worth $14.6 Million to Kraken

chest

An early Ethereum investor has moved 4,900.5 ETH to Kraken, raising interest among analysts and traders.

user avatarGiorgi Kostiuk

Dogecoin Faces Significant Losses Amid Bitcoin Decline

chest

Dogecoin experiences major losses due to Bitcoin's decline, highlighting the volatility of the cryptocurrency market.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.