According to Lookonchain monitoring, Forward Industries, the largest treasury company of SOL, deposited 993,058 SOL (about 192 million US dollars) to Coinbase Prime 15 hours ago, of which 250,000 SOL (about 50 million US dollars) have been transferred to Galaxy Digital.

Forward Industries previously acquired 6.82 million SOL tokens at $232 per token (approximately $1.38 billion). It is unclear whether this transaction was a loss-making sale or other asset redeployment activity.