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Forward Industries moves $32M in SOL amid $1B paper loss

Cointelegraph.com News·
Forward Industries moves $32M in SOL amid $1B paper loss
AI Analysis

Forward Industries has transferred nearly $32 million in Solana (SOL) to Coinbase Prime, reflecting significant losses as its investment is over 70% underwater. This move highlights the increasing pressure on corporate crypto treasuries amid a challenging market environment.

Key Topics

Forward IndustriesSolanaCoinbase Prime

Originally reported by Cointelegraph.com News. Read the full article ↗

Forward Industries moves $32M in SOL amid $1B paper loss | AI Crypto Daily Wire