The post Solana news: Why VCI Global’s OOB Deal Didn’t Stop a 99.9% YTD Rout appeared on BitcoinEthereumNews.com. Key Insights Solana news: VCI Global stock is down 99.9% YTD, including a 31% drop in four weeks. OOB deal largely non-cash: 98.4% of tokens came from share transfers; Tether got 39.8% of PIPE shares. Regulatory and listing risks: Missing 13D concerns and reliance on Kraken keeping OOB listed. Solana news rarely moves the needle for traditional equities, but VCI Global’s high-profile plunge into the Oobit ecosystem, backed by Tether and Solana co-founder Anatoly Yakovenko, made headlines when the company committed $100 million to OOB tokens on November 11, 2025. However, its Nasdaq-listed shares collapsed another 10.38% that week to $1.17, capping a staggering 99.9% year-to-date decline from an adjusted $1,440 opening price. The deal, detailed in an SEC filing the same day, handed Tether 39.8% of a PIPE issuance and named VCI Global treasury manager for the OOB Foundation, yet the market punished the stock relentlessly. The volume spiked to 5.7 million shares on December 4, triple the 30-day average, and market cap shrinking to just $7.66 million. Despite Solana’s blistering network growth, TVL up 20% to $10 billion in November per DefiLlama, and Oobit’s promise of tap-to-pay USDT at 100 million merchants, the marriage of Solana news and public-company exposure delivered a brutal reminder that crypto tailwinds don’t automatically lift every boat. The Deal That Sparked Solana News — And a Stock Rout VCI Global closed the first $50 million tranche on November 11, acquiring 250 million OOB tokens at $0.20 each via restricted shares. A second $50 million cash purchase followed Oobit’s November 12 listings on Kraken and KCEX. Tether, already the world’s largest stablecoin issuer with $183 billion in circulation, became VCI Global’s biggest shareholder overnight. Oobit itself had migrated to Solana weeks earlier for sub-second settlements, leveraging the chain’s 65,000 TPS capacity audited by OtterSec… The post Solana news: Why VCI Global’s OOB Deal Didn’t Stop a 99.9% YTD Rout appeared on BitcoinEthereumNews.com. Key Insights Solana news: VCI Global stock is down 99.9% YTD, including a 31% drop in four weeks. OOB deal largely non-cash: 98.4% of tokens came from share transfers; Tether got 39.8% of PIPE shares. Regulatory and listing risks: Missing 13D concerns and reliance on Kraken keeping OOB listed. Solana news rarely moves the needle for traditional equities, but VCI Global’s high-profile plunge into the Oobit ecosystem, backed by Tether and Solana co-founder Anatoly Yakovenko, made headlines when the company committed $100 million to OOB tokens on November 11, 2025. However, its Nasdaq-listed shares collapsed another 10.38% that week to $1.17, capping a staggering 99.9% year-to-date decline from an adjusted $1,440 opening price. The deal, detailed in an SEC filing the same day, handed Tether 39.8% of a PIPE issuance and named VCI Global treasury manager for the OOB Foundation, yet the market punished the stock relentlessly. The volume spiked to 5.7 million shares on December 4, triple the 30-day average, and market cap shrinking to just $7.66 million. Despite Solana’s blistering network growth, TVL up 20% to $10 billion in November per DefiLlama, and Oobit’s promise of tap-to-pay USDT at 100 million merchants, the marriage of Solana news and public-company exposure delivered a brutal reminder that crypto tailwinds don’t automatically lift every boat. The Deal That Sparked Solana News — And a Stock Rout VCI Global closed the first $50 million tranche on November 11, acquiring 250 million OOB tokens at $0.20 each via restricted shares. A second $50 million cash purchase followed Oobit’s November 12 listings on Kraken and KCEX. Tether, already the world’s largest stablecoin issuer with $183 billion in circulation, became VCI Global’s biggest shareholder overnight. Oobit itself had migrated to Solana weeks earlier for sub-second settlements, leveraging the chain’s 65,000 TPS capacity audited by OtterSec…

Solana news: Why VCI Global’s OOB Deal Didn’t Stop a 99.9% YTD Rout

Key Insights

  • Solana news: VCI Global stock is down 99.9% YTD, including a 31% drop in four weeks.
  • OOB deal largely non-cash: 98.4% of tokens came from share transfers; Tether got 39.8% of PIPE shares.
  • Regulatory and listing risks: Missing 13D concerns and reliance on Kraken keeping OOB listed.

Solana news rarely moves the needle for traditional equities, but VCI Global’s high-profile plunge into the Oobit ecosystem, backed by Tether and Solana co-founder Anatoly Yakovenko, made headlines when the company committed $100 million to OOB tokens on November 11, 2025.

However, its Nasdaq-listed shares collapsed another 10.38% that week to $1.17, capping a staggering 99.9% year-to-date decline from an adjusted $1,440 opening price.

The deal, detailed in an SEC filing the same day, handed Tether 39.8% of a PIPE issuance and named VCI Global treasury manager for the OOB Foundation, yet the market punished the stock relentlessly.

The volume spiked to 5.7 million shares on December 4, triple the 30-day average, and market cap shrinking to just $7.66 million.

Despite Solana’s blistering network growth, TVL up 20% to $10 billion in November per DefiLlama, and Oobit’s promise of tap-to-pay USDT at 100 million merchants, the marriage of Solana news and public-company exposure delivered a brutal reminder that crypto tailwinds don’t automatically lift every boat.

The Deal That Sparked Solana News — And a Stock Rout

VCI Global closed the first $50 million tranche on November 11, acquiring 250 million OOB tokens at $0.20 each via restricted shares.

A second $50 million cash purchase followed Oobit’s November 12 listings on Kraken and KCEX.

Tether, already the world’s largest stablecoin issuer with $183 billion in circulation, became VCI Global’s biggest shareholder overnight.

Oobit itself had migrated to Solana weeks earlier for sub-second settlements, leveraging the chain’s 65,000 TPS capacity audited by OtterSec in November 2025.

The pitch: instant fiat conversion for USDT, BTC, and ETH at Visa/Mastercard terminals worldwide, a use case Tether first funded with a $25 million Series A in February 2024 alongside Yakovenko and CMCC Global.

Reality hit fast. OOB opened at $0.7153 but cratered 86.8% to $0.094 by December 4, slashing the value of VCI Global’s initial stake from $50 million to roughly $23.5 million in under a month.

A follow-on purchase of 4.17 million tokens on November 26 at $0.24 average barely moved the needle.

From $9 Billion Valuation to $7.66 Million — The Numbers Behind the Fall

VCIG began 2025 trading near $1,440 (split-adjusted). By December 4 it closed at $1.17, a 99.9% wipeout that erased over $9 billion in market value.

Revenue actually grew 37% to $18.7 million in H1 2025, with Q3 guidance calling for 70% full-year growth to $47.3 million at 80% gross margins from AI and fintech consulting.

VCIG Stock YTD Chart| Source: Yahoo Finance

Yet dilution from a $5 million direct offering in October and the PIPE issuance overwhelmed fundamentals. Short interest sits at 11.7% of float (Finviz, December 4), amplifying downside pressure.

Solana itself thrived in November: daily active addresses topped 100 million, stablecoin transfers hit record volume, and TVL climbed to $10 billion.

Oobit’s integration promised real-world utility, yet the token’s 87% plunge underscores execution risk in payments verticals still dominated by Visa and Mastercard rails.

For public companies chasing Solana news headlines, VCI Global’s experience is cautionary. High-profile crypto exposure can ignite retail interest, volume exploded post-announcement, but without sustained token performance or clear revenue synergy, traditional investors treat it as pure speculation.

CEO Victor Hoo’s personal share purchases on November 21 and a new $200 million RWA mandate announced December 2 hint at recovery efforts, but the market remains unforgiving.

Source: https://www.thecoinrepublic.com/2025/12/05/solana-news-why-vci-globals-oob-deal-didnt-stop-a-99-9-ytd-rout/

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