Summary
- Forward Industries was confirmed to have made a large-scale transfer of approximately 1.88 million Solana (SOL) to Coinbase Prime.
- It is not yet clear whether the purpose of this transfer was an actual sale or internal wallet reorganization.
- Large transfers by major treasury holders attract market attention and may increase short-term price volatility.
Forward Industries, a treasury-holding company of Solana (SOL), was confirmed to have recently deposited more than 1.8 million Solana into Coinbase Prime.
According to Arkham data on the 18th (local time), in recent hours Forward Industries transferred a total of 1,887,962 SOL to a Coinbase Prime deposit address. The transfer size amounts to approximately $260,190,000 (about 380 billion won).
It has not yet been confirmed whether this transfer indicates an actual sale or is a movement for internal wallet reorganization. However, large transfers by major treasury holders typically draw market attention, raising the possibility of increased short-term price volatility.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
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