Forward Industries Moves $200M SOL to Coinbase Prime: Potential Sell-Off?

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author: CryptoNews

date: November 17, 2025

1 min. read

Forward Industries (FORD), a Nasdaq-listed company known for its involvement with Solana (SOL), has deposited a significant amount of SOL into Coinbase Prime. On-chain data from Lens reveals the transfer of 1,443,507 SOL, valued at approximately $200 million, to the exchange platform. This substantial deposit has sparked speculation within the cryptocurrency community. Typically, moving assets to an exchange like Coinbase Prime suggests an intention to sell, potentially putting downward pressure on the price of SOL. While Forward Industries has not officially commented on the purpose of the transfer, the size of the transaction warrants attention. It remains to be seen whether this is a strategic move by the company or a precursor to a larger sell-off. Traders and investors are closely monitoring the situation to assess the potential impact on the Solana market. ```