1.78 million SOL transferred to an exchange in one go.
Forward Industries, the largest SOL treasury, holds 8.73 million SOL.
Early this morning, it moved 1.78 million of them to Coinbase Prime, worth about $123 million.
That’s one-fifth of its holdings moved in a single transaction.
I don’t think this is just moving them somewhere else for safekeeping. Moving one-fifth at once looks like preparation for a sell-off.
Which side are you on: is the treasury getting ready to dump, or just moving its holdings elsewhere?
@Binance_News $SOL #SOL #CoinbasePrime
Forward Industries, the largest SOL treasury, holds 8.73 million SOL.
Early this morning, it moved 1.78 million of them to Coinbase Prime, worth about $123 million.
That’s one-fifth of its holdings moved in a single transaction.
I don’t think this is just moving them somewhere else for safekeeping. Moving one-fifth at once looks like preparation for a sell-off.
Which side are you on: is the treasury getting ready to dump, or just moving its holdings elsewhere?
@Binance_News $SOL #SOL #CoinbasePrime
