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Altcoins

Watch Out: Significant Selling Preparation May Be Underway in This Altcoin, On-Chain Data Reveals – It’s Largest Institutional Holder

By admin
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Watch Out: Significant Selling Preparation May Be Underway in This Altcoin, On-Chain Data Reveals – It’s Largest Institutional Holder

Forward Industries, known as the largest corporate treasury manager in the Solana ecosystem, is back in the spotlight with a major on-chain transaction.

According to Onchain Lens’ monitoring data, the company transferred 1,443,507 SOL to Coinbase Prime three hours ago. This amount is estimated to be approximately $201.34 million in US dollars. It’s unclear whether the transfer was for sale.

Forward Industries (NASDAQ: FWDI, formerly FORD) holds the world’s largest SOL holdings among publicly traded companies. As of its last update on November 15, 2025, the company held approximately 6.91 million SOL. This amount represents more than 1.25% of Solana’s total circulating supply.

This massive treasury size puts Forward Industries far ahead of other Solana-focused public companies. For comparison, Upexi is known to hold around 2 million SOL, while DeFi Development Corp. holds around 1 million SOL.

*This is not investment advice.

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