Investment
Features
FeesSafety
Academy
More
Pluang+

Solana drops 3% as Forward Industries moves $32M SOL amid $1.13B unrealized loss.

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

Solana's price fell about 3.09% to near $68.82 after Forward Industries, the largest corporate holder of Solana, transferred 455,784 SOL worth approximately $31.87 million to Coinbase Prime. This move sparked speculation about a possible reduction in their Solana holdings, which currently show an unrealized loss of nearly $1.13 billion due to the token trading far below their average purchase price of $232.08. However, past similar transfers suggest the move may be custody-related rather than a sale. Solana's technical chart remains bearish, with key support around $66 to $70 and resistance near $135 to $150, indicating continued market weakness unless strong buying interest emerges.

More News (SOL)

Solana rises 30% since June, boosted by SBI partnership and bullish technical signals.

Solana rises 30% since June, boosted by SBI partnership and bullish technical signals.

Solana (SOL) has gained about 30% from its June low, trading around $78 and surpassing its 50-day EMA. The token's upward momentum is supported by increased speculative trading and a new SuperTrend buy signal, the first since October 2025. However, i...

Technical Signals
Bullish
4 hours ago
Ethereum outperforms Bitcoin amid early large-cap rotation in crypto markets.

Ethereum outperforms Bitcoin amid early large-cap rotation in crypto markets.

Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...

Market News
Neutral
5 hours ago
Ethereum futures long positions rise sharply, signaling growing trader focus and potential volatility.

Ethereum futures long positions rise sharply, signaling growing trader focus and potential volatility.

Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...

Technical Signals
Bullish
8 hours ago
Wall Street firm files for Solana ETF with staking rewards, aiming to expand crypto yield access.

Wall Street firm files for Solana ETF with staking rewards, aiming to expand crypto yield access.

A Wall Street asset manager has filed with the SEC to launch a Solana ETF that includes staking rewards, potentially broadening institutional access to crypto yield products. This ETF would differ from traditional spot ETFs by passing through staking...

Market News
Bullish
11 hours ago
Solana hits $3.47B in tokenized equities volume for June 2026, dominating 96% of the market.

Solana hits $3.47B in tokenized equities volume for June 2026, dominating 96% of the market.

Solana achieved a record $3.47 billion in tokenized equities volume for June 2026, capturing over 96% of the global on-chain tokenized equity market. This milestone highlights Solana's strong position and efficiency in blockchain technology, maintain...

Protocol Fundamentals
Bullish
16 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App