According to BlockBeats, on June 14th, a wave of companies (many of which have small market capitalization) announced their intention to purchase large quantities of popular altcoins such as XRP and Solana. These companies typically come from seemingly unrelated corners of the business world. VanEck's head of digital assets, Matthew Sigel, stated that these so-called measures are likely only aimed at boosting the stock prices of small cap companies, many of which are traded on NASDAQ. Sigel said, "Many of them are insiders trying to drive up shipments. If the market value is minimal and new investors are not disclosed, I would consider it a scam