VisionSys Stock Drops After $12M Offering Amid Solana Treasury Doubts

VisionSys Stock Decline

VisionSys announced a registered direct offering to raise $12 million, but did not specify how the funds will be used.
The stock dropped to $0.24 per share, its lowest since January, after being priced at $0.29.
Last month, VisionSys revealed plans for a Solana treasury initiative worth up to $2 billion, starting with a $500 million acquisition of SOL over six months.
No purchases have been reported yet, casting doubt on the initiative's progress.
A partnership was announced with Marinade Finance, a prominent Solana DeFi protocol managing assets over $2 billion.

SOL Price Analysis

SOL is consolidating in a descending channel and attempting an upside breakout.
If it holds the $150-$155 range, it could potentially rally to $400, a 157% gain.
RSI near 37 suggests short-term weakness; a dip to $130-$135 might occur before a potential recovery.
A significant breakout above the $175-$185 resistance could lead to rallies towards $250 and then $400.

Bitcoin Hyper Launch

Bitcoin Hyper, built on Solana’s tech, aims to enhance Bitcoin transactions with faster speeds and scalability.
The project has raised $27 million and utilizes the Solana Virtual Machine for improved performance.
$HYPER token powers the ecosystem, supporting transactions, staking, governance, and dApps.
Investors can earn up to 43% APY on staking during the presale.