Core Viewpoint - The SEC has temporarily suspended trading for Smart Digital Group and QMMM Holdings due to potential market manipulation linked to their recent announcements regarding cryptocurrency investments [1][8]. Group 1: SEC Actions - The SEC announced the suspension of trading for QMMM and SDG until October 10, following their plans to invest in cryptocurrencies [3]. - The regulator cited "potential manipulation" of the market, particularly through social media posts that may have been designed to artificially inflate stock prices [2][8]. Group 2: Company Announcements - QMMM disclosed plans to invest up to $100 million in Bitcoin, Ethereum, and Solana on September 9 [3]. - SDG announced on September 26 its intention to create a "diversified cryptocurrency asset pool," without detailing specific assets or investment amounts [3]. Group 3: Stock Price Movements - Following the announcement of its treasury strategy, QMMM's stock surged by 959% [4]. - Conversely, SDG's share price dropped approximately 87% on the day of its announcement [4]. Group 4: Social Media Influence - There was a notable increase in suspicious social media activity related to QMMM and SDG, suggesting a coordinated effort to manipulate stock prices [5]. - Financial influencers were observed promoting QMMM and SDG during this period, indicating a potential organized campaign [6]. Group 5: Comparison to Memecoin Strategies - The alleged manipulation tactics resemble those used in memecoin schemes, involving bot networks and social media hype to create a false narrative around the stocks [9].