Several cryptocurrency treasury firms are reallocating holdings into ‘fringe’ tokens, a move flagged by analysts as a rising source of volatility in digital-asset markets. According to a Reuters report dated 10 November 2025, the shift away from Bitcoin and Ethereum into lesser-known altcoins could trigger larger drawdowns when token valuations turn. One treasury firm disclosed a 25 % weighting in a token with sub-US$100 million market cap. Crypto strategists say stronger governance and liquidity tests are now needed as institutional-style funds enter less regulated segments of the market.