$32M SOL Transfer to Coinbase Sparks Questions Around Forward Industries

Jun 5, 2026 - 20:45
$32M SOL Transfer to Coinbase Sparks Questions Around Forward Industries
Forward Industries deposited 1.44M SOL worth $201.34M into Coinbase Prime. Forward Industries is the world’s largest corporate holder of Solana treasury. The move pressures Solana’s liquidity amid its 29% monthly price decline. Forward Industries kind of shook the crypto market after moving a staggering amount of digital assets to a prominent exchange.  The shock transfer...

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