Solana Mobile's curated dApp Spotlight could enhance app visibility, driving user engagement and potentially reshaping decentralized app ecosystems. Solana Mobile launches dApp Spotlight for curated app discovery.
Ripple-backed SBI Holdings has expanded its role in Solana's institutional ecosystem after its crypto subsidiary secured responsibility for managing the SOL treasury operations of Tokyo-listed WIZE.
Solana price trades near $68 as Forward Industries moves 455K SOL to Coinbase Prime while unrealized losses approach $1.13B.
Forward Industries transferred 455,784 SOL worth roughly $31.9 million to Coinbase Prime, marking its first onchain activity in about a month. The company bought about 6.83 million SOL for $1.59 billion at an average cost of $232.08, leaving holdings deeply underwater.
Forward Industries' asset shift highlights the volatility and strategic challenges faced by firms heavily invested in digital currencies. Forward Industries moves $32M in Solana to exchange after nursing nine-figure losses.
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Forward Industries moves 455,784 SOL to Coinbase Prime as Solana trades near $68, with the firm facing a $1.13B unrealized loss.
Forward Industries transferred 455,784 SOL, worth approximately $31.9 million, to Coinbase Prime in its first on-chain transaction in nearly a month.
Solana price breaks channel support as analysts track SOL downside risk toward the $62-$43 support zone.
Here's why Solana price is declining at an accelerating rate this week.
Forward Industries moved $31.9 million in SOL to Coinbase Prime as its Solana bet sits over 70% underwater, underscoring growing strain on corporate crypto treasuries.
Forward Industries, the largest corporate holder of SOL, has moved 455,784 SOL worth about $31.87 million to Coinbase Prime, its first major transfer in a month, all while sitting roughly $1.13 billion underwater on the position.