XP Trading Volume Plummets 32.52% to 489th Position Amid Ponzi Scheme Allegations
Thursday, May 15, 2025 7:21 pm ET
1min read On May 15, 2025, XP's trading volume reached 1.96 billion, marking a 32.52% decrease from the previous day. This placed XP at the 489th position in terms of trading volume for the day. The stock price of XP experienced a decline of 1.69%.
XP is currently under investigation due to allegations of a Ponzi-like fund structure. Former employees have described the setup as a "Madoff-like Ponzi scheme," claiming that new investor funds were used to pay earlier returns. This investigation has raised significant concerns about the company's financial practices and transparency, potentially impacting investor confidence and stock performance.
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