The pain is getting harder to ignore for Forward Industries😬.
After staying quiet for nearly a month, the company just moved 455,784
$SOL , worth about $31.87M, to Coinbase Prime, a transfer that's likely to attract attention given the size of its LOSS position.
The numbers behind the treasury strategy are brutal. Since launching its Solana treasury strategy in September 2025, Forward Industries has accumulated approximately 6.83M
#SOL , spending around $1.59B at an average cost of $232.08 per token.
Today, those same holdings are worth just $458.6M.
That puts the position down by roughly $1.13B, making it one of the largest unrealized treasury losses in the crypto market right now.
Of course, a transfer to Coinbase Prime doesn't automatically mean a sale is coming. It could be for custody, collateral management, or strategic repositioning. But after a month of inactivity, moving nearly $32M worth of
#sol is enough to get the market talking.