Forward Industries Moves $200M in SOL

[cryptoenthusiast]

Forward Industries, the largest corporate holder of Solana (SOL), transferred $200M+ worth of SOL to Coinbase Prime, raising sell-off concerns.

Total holdings: ~6.9M SOL (~1.1% of total supply)

Average acquisition price: $232 per SOL

Current market price: $132.47

Some SOL returned to Forward’s wallet shortly after, leaving 4.129M SOL (~$552M) on hand. Analysts are watching closely.

[Nahid Hossen]

$232 per SOL️️️

[Nahid Hossen]

A brief rebound, but still important to watch the next resistance levels.