The decline followed the company’s announcement of a registered direct offering expected to raise around $12 million, with no clear statement on how the proceeds will be used.

The stock, recently priced at $0.29 per share, hit a low of $0.24, its weakest since January. This comes just a month after VisionSys unveiled its ambitious plan to build a Solana treasury worth up to $2 billion, beginning with a $500 million SOL acquisition over the first six months.

However, the firm has not reported any purchases, raising doubts about the status of its Solana-linked initiative.

VisionSys also announced a partnership with Marinade Finance, a leading Solana DeFi protocol managing more than $2 billion in assets.

SOL Price Analysis: Significant Bullish Potential

The chart below shows SOL con

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