According to CoinWorld, on June 14 (UTC+8), Matthew Sigel, the head of digital assets at VanEck, stated that several low market capitalization companies recently announced plans to raise hundreds of millions of dollars to purchase Tokens like XRP or Solana, which may be considered a 'Pump and Dump' behavior. He pointed out that if a company's market capitalization is extremely low and they do not disclose their anchor investors, it can basically be viewed as eyewash. A Singapore company, Trident Digital Tech, recently announced plans to raise $500 million to establish an XRP reserve, with a market capitalization of only $16 million; companies like Classover and Webus International have also announced plans to establish reserves for Solana or XRP, but their market capitalizations do not exceed $100 million.