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…