Forward Industries, the largest SOL treasury company, deposited 1.443 million SOL into Coinbase Prime.
TL;DR
Forward Industries, the largest SOL treasury holder, deposited 1.44 million SOL worth $201M into Coinbase Prime. It's unclear if this was a sale; the company holds 6.91M SOL, over 1.25% of Solana's supply.
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On November 18, according to Onchain Lens monitoring, three hours earlier, the Forward Industries address deposited 1,443,507 SOL tokens, worth $201.34 million, into Coinbase Prime. It is not yet clear whether this was a sale.
Forward Industries (NASDAQ: FWDI, formerly FORD) is reportedly the world's largest treasury for SOL (Solana's native token). According to its latest treasury update on November 15, 2025, the company holds approximately 6.91 million SOL, representing over 1.25% of Solana's total circulating supply. This puts it far ahead of other publicly traded Solana treasury companies, such as Upexi (approximately 2 million SOL) and DeFi Development Corp. (approximately 1 million SOL).