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- 🎤 Cheer for Your Idol · Gate Takes You Straight to Token of Love! 🎶
Fam, head to Gate Square now and cheer for #TokenOfLove# — 20 music festival tickets are waiting for you! 🔥
HyunA / SUECO / DJ KAKA / CLICK#15 — Who are you most excited to see? Let’s cheer together!
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🎵 The song you want to he - ✈️ Gate Square | Gate Travel Sharing Event is Ongoing!
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Several small market capitalization companies announced large-scale plans to purchase encryption tokens, and a VanEck executive raised questions.
According to Gate News bot, The Block reported that Matthew Sigel, the head of digital assets at VanEck, commented on the recent cryptocurrency purchase plans of several low market capitalization companies. Singapore-based company Trident Digital Tech, with a market capitalization of only $16 million, announced plans to raise $500 million to establish an XRP reserve. At the same time, companies like Classover and Webus International, with a market capitalization of less than $100 million, also announced plans to establish reserves for Solana or XRP.
Matthew Sigel emphasized that when a company with a tiny market capitalization announces a large-scale purchase of Crypto Assets without disclosing anchoring investors, it is essentially a scam(."If there's no anchoring investors disclosed and the market cap is tiny, it's almost certainly a scam.").
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