Oct. 24 at 3:49 AM
$QMMM According to reports from Caixin, QMMM’s Hong Kong office in the Seaview Building has been vacated, with neighbors unaware of when the company left.
The timing coincides with the U.S. Securities and Exchange Commission (SEC) halting trading in QMMM at the end of September, accusing the company of using social media hype to manipulate its stock price.
The dramatic stock run—from
$11 to an intraday high of
$207 before closing at
$119.40—was fueled by retail investors and algorithmic traders chasing the DAT narrative.
Trading volume ballooned to
$750 million in a single day, before regulators intervened.
What followed was silence: no further updates from the company, no disclosure of treasury holdings, and now an abandoned headquarters.
Source: CCN
