According to blockchain transaction data, Forward Industries deposited nearly one million SOL to Coinbase Prime before transferring 250,000 SOL worth $50 million to Galaxy Digital, signaling possible strategic fund management.
Forward Industries, which previously acquired 6.82 million SOL at an average price of $232 (worth approximately $1.38 billion), deposited 993,058 SOL valued at $192 million into Coinbase Prime about 15 hours ago. Of this total, 250,000 SOL worth $50 million were transferred to Galaxy Digital. The transactions suggest significant movement in the firm’s SOL holdings, though the intent—whether liquidation, reallocation, or strategic partnership—remains unclear.