The U.S. Securities and Exchange Commission (SEC) has suspended trading of QMMM Holdings Ltd. on the Nasdaq following a dramatic 959% increase in the company's stock price over less than three weeks. The surge is suspected to be influenced by recommendations from unidentified individuals on social media. Earlier this month, QMMM announced the establishment of a $100 million diversified cryptocurrency treasury, investing in Bitcoin, Ethereum, and Solana, which coincided with the stock's rapid rise.