Forward Industries Moves 455K SOL to Exchanges After Month of Silence

Forward Industries, Solana’s largest treasury company, moved 455,784 SOL to exchanges after a month of silence, facing $1.3 billion in unrealized losses on its $1.6 billion position. The move signals potential distressed liquidation rather than strategic rebalancing, creating structural selling pressure across the 20 SOL treasury holders that collectively hold 2.94% of the network’s supply.

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