VanEck warns: This wave of 'vault building' may be an old trick for raising prices and offloading assets.
01 | Huge buying declarations flood the crypto space
From Singapore's Trident to Classover, Webus, DeFi Dev Corp
Overnight, small-cap companies claim they will spend hundreds of millions on XRP and Solana
But the harsh reality is—
These companies have a market value of less than one-tenth of the target vault size, some even less than $10 million
02 | Where does the funding come from? No one explains
VanEck's digital asset chief Matthew Sigel points out the core issue:
"If there is no disclosure of the real source of funds and no new investors are brought in, it's mostly insiders promoting and cashing out"
For example:
A company with a market value of only $16 million claims it will build a $500 million XRP vault
It's like telling everyone you want to buy a villa while only having a few hundred in your bank account
03 | How can retail investors identify scam signals?
Don't let the 'bull market narrative' cloud your judgment
Beware of the following high-risk signals:
Claiming to buy coins but without a clear source of funds
As soon as the announcement is made, the stock price skyrockets by dozens of times
The company's main business has nothing to do with crypto
Official website and financial report information is vague or severely outdated
Conclusion: A bull market is not the time for blind faith
The biggest trap in a bull market is not the price correction, but the exploitation of human greed
A real 'vault' relies on strength rather than boasting
When you see a company suddenly making a big entrance, don't get excited right away; check if it has real financial backing
Follow me to avoid detours
Don't be a mere passerby of information; be the master of your understanding
Next time you see 'a certain company plans to spend hundreds of millions to buy coins', you'll know how to judge
