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Forward Industries moves $31.87M in Solana to Coinbase, sparking liquidation rumors amid $1.13B unrealized loss.

Market News
05 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Forward Industries transferred 455,784 SOL tokens, worth about $31.87 million, to Coinbase Prime after 30 days of wallet inactivity. This move has raised speculation about a potential liquidation of its Solana holdings, which were accumulated since September 2025 at a cost of $1.59 billion. Currently, the portfolio is valued at roughly $458.6 million, reflecting an unrealized loss of nearly $1.13 billion. While the transfer doesn't confirm a sale, it sets the stage for a possible liquidation, drawing close market attention.

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