VisionSys AI shares have plunged 88% in the past week, reaching a low of $0.24 per share, after the company announced a $12 million registered direct offering. This significant drop is compounded by stalled plans to establish a $2 billion Solana treasury, with no SOL purchases reported so far. The company's stock had already fallen by 40% in October when the Solana treasury initiative was first disclosed. Adding to investor unease, VisionSys AI has announced the resignation of its chairman, further impacting market confidence. The combination of these developments has led to increased volatility and uncertainty surrounding the company's future prospects.