On November 18th, as per the monitoring of Onchain Lens, 3 hours ago, the Forward Industries address deposited 1,443,507 SOL into Coinbase Prime, with a value of $201.34 million. It is still uncertain whether this was a sell-off. It is reported that Forward Industries (with a Nasdaq code: FWDI, formerly FORD) is currently the world’s largest treasury company for SOL (the native token of Solana). According to its latest treasury update on November 15, 2025, the company holds approximately 6.91 million SOL, accounting for more than 1.25% of Solana’s total circulation. This far exceeds other publicly traded Solana treasury companies such as Upexi (about 2 million SOL) and DeFi Development Corp. (about 1 million SOL).
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