VanEck's head of digital assets, Matthew Sigel, stated that several low cap companies have recently announced plans to raise hundreds of millions of dollars to purchase tokens such as XRP or Solana, which may be seen as a "push up shipment" behavior. He pointed out that if a company has an extremely low market value and does not disclose its anchor investors, it can basically be considered a scam. Singapore based company Trident Digital Tech recently announced plans to raise $500 million to establish XRP reserves, with a market value of only $16 million; Classover, Webus International and other companies have also announced the establishment of Solana or XRP reserves, but their market value does not exceed $100 million. （The Block） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43992