Forward Industries moves $32M in SOL amid $1B paper loss

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Forward Industries' asset shift highlights the volatility and strategic challenges faced by firms heavily invested in digital currencies. The post Forward Industries moves $32M in Solana to exchange after nursing nine-figure losses appeared first on Crypto Briefing.

Forward Industries, the largest corporate holder of SOL, has moved 455,784 SOL worth about $31.87 million to Coinbase Prime, its first major transfer in a month, all while sitting roughly $1.13 billion underwater on the position. A $32 Million Transfer Reignites Sell-off Fears Forward Industries, the Nasdaq-listed firm that built the largest corporate SOL treasury, […]

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Forward Industries has transferred 455,784 SOL worth about $31.87 million to Coinbase Prime, drawing attention to the treasury strategy of the world’s largest corporate holder of Solana. According to blockchain analytics platform Lookonchain, the transfer occurred after roughly one month…

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