Solana's recent sell-off has put pressure on even major institutional players. Forward Industries, the largest Solana treasury holder, has reportedly sold nearly 456,000 SOL after the token dropped to its lowest level in more than two years. The move comes as SOL trades near $66, down 20% over the past week despite strong network activity.
Forward Industries has transferred 455,784 SOL tokens to Coinbase Prime, representing approximately $31.87 million in current market value. Blockchain analytics platform Lookonchain identified the transaction, which occurred after 30 consecutive days without any on-chain activity from the company's wallet.
Forward Industries has made headlines after moving 455,784 SOL tokens to Coinbase Prime, a transaction valued at roughly $31.87 million based on current market rates. Blockchain analytics platform Lookonchain identified this transfer following a complete month without any on-chain activity from the company's wallet.
Forward Industries moved over 455K SOL to Coinbase Prime, with the potential to sell a part of its treasury. SOL sank below $70, losing over 19.3% since the beginning of June.
Forward Industries has transferred 455,784 SOL worth about $31.87 million to Coinbase Prime, drawing attention to the treasury strategy of the world's largest corporate holder of Solana.
Accelerating Solana's disinflation could enhance token value but risks validator revenue, potentially impacting network security and stability. Solana proposal SIMD-0550 aims to cut $1.5B in future SOL emissions by doubling disinflation rate.
Solana (SOL) extended its slide amid a broad crypto market sell-off that accelerated after Bitcoin (BTC) fell toward the $61,300 level, triggering an estimated $1.6 billion in leveraged liquidations across major venues. The move pushed SOL to a multi-year low and renewed scrutiny of the token's technical structure—even as the network advances key infrastructure upgrades.
Crypto analyst Crypto Patel has made a bullish case for Solana, explaining why it is time to start paying attention to the crypto asset. This came as he noted that SOL has printed 8 consecutive red monthly candles for the first time in its history.
Solana price nears $58 support after falling to lower Bollinger Band, with analysts eyeing a rebound toward $120-$175 range.
Solana fell below $70 support and dropped to 2023 levels amid intense panic selling.
Solana nears a major $58-$67 buy zone as analysts watch for stabilization and a possible rebound higher.
Solana price has dropped more than 27% over the past month and nearly 74% from its 2025 peak, with fresh ETF outflows and a crypto market rout sending the token to a 52-week low. According to data from crypto.