Largest Corporate Solana Holder Transfers 1.8 Million SOL To Coinbase—Is a Sell-Off Coming?
Largest Corporate Solana Holder Transfers 1.8 Million SOL To Coinbase—Is a Sell-Off Coming?
Forward Industries, the largest corporate holder of Solana (SOL), has transferred approximately $200 million worth of SOL to Coinbase Prime. This significant movement has raised concerns about a potential large-scale sell-off in the market. The transfer occurs amidst a challenging period for Solana, which has seen its value decline by nearly 29% over the past month, pushing its price below the average acquisition cost for Forward Industries.
Forward Industries, the largest corporate holder of Solana (SOL), has sent over $200 million worth of SOL to Coinbase Prime, raising concerns about potential sell-offs. The move comes as the altcoin has slid nearly 29% over the past month, falling below the firm’s average acquisition price. Is The Digital Asset Treasury Strategy Unraveling? Forward Industries
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