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2 stories in Crypto · Updated live
Forward Industries transfers $31.9 million in Solana to Coinbase Prime amid market downturn
Forward Industries has moved approximately 455,784 SOL, valued at $31.9 million, to Coinbase Prime, raising concerns about potential selling pressure in the cryptocurrency market. This transfer occurs as the company faces significant losses on its Solana investments, estimated at over $1 billion. The long-term implication may involve increased volatility in Solana's price as major holders adjust their positions in response to market conditions.
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Forward Industries transfers $31.9 million in Solana to Coinbase Prime amid market downturn
Forward Industries has moved approximately 455,784 SOL, valued at $31.9 million, to Coinbase Prime, raising concerns about potential selling pressure in the cryptocurrency market. This transfer occurs as the company faces significant losses on its Solana investments, estimated at over $1 billion. The long-term implication may involve increased volatility in Solana's price as major holders adjust their positions in response to market conditions.
Forward Industries Deposits $31.87 Million in Solana to Coinbase Prime Amid Market Challenges
Forward Industries has deposited 455,784 SOL, valued at approximately $31.87 million, to Coinbase Prime after a month of inactivity. This strategic move comes as the company grapples with significant unrealized losses of about $1.13 billion on its Solana holdings due to a bearish market. The long-term implication may involve increased scrutiny of Forward Industries' treasury strategy and its potential impact on Solana's price stability.