Forward Industries Transfers 455,784 SOL Worth $31.87M to Coinbase Prime

SOL-4.18%
According to Coin Bureau, Forward Industries transferred 455,784 SOL worth $31.87 million to Coinbase Prime on June 5, 2026. The move has sparked market speculation about potential asset liquidation, though transfers to institutional platforms can also reflect custody or treasury management purposes. Forward Industries, the largest Solana treasury company, holds approximately 6.81 million SOL amid an estimated $1.13 billion unrealized loss.
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