Solana Treasury Bet Turns Sour: Firm Sits On $1.13B Unrealized Loss

Solana has been struggling with selling pressure as the broader market feels the weight of a correction that has tested support levels across the ecosystem. The price is under stress — and data from Arkham Intelligence has identified a specific institutional transaction that adds a direct supply dimension to the current weakness on one of the most closely watched blockchains in crypto. Related Reading: HYPE Defies Market Selloff As Whales Withdraw Another $108M From Exchanges Forward Industries — a publicly traded company that has been building a Solana treasury strategy, accumulating SOL as a primary reserve asset in a model that draws direct comparison to MicroStrategy’s Bitcoin approach — has deposited 455,784 SOL worth approximately $31.87 million to Coinbase Pri...