Forward Industries Sends $32M in Solana to Coinbase as Treasury Losses Top $1B

Jun 5, 2026 - 12:45
Forward Industries Sends $32M in Solana to Coinbase as Treasury Losses Top $1B
Forward Industries transferred roughly $31.9 million worth of Solana tokens to Coinbase Prime Thursday, according to blockchain data, marking its first onchain activity in a month. Data from Arkham Intelligence shows a wallet tied to the Nasdaq-listed company moved 455,784 SOL to the institutional trading platform. The transfer comes as the firm sits on steep...

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