The recent sale of Solana has made even the biggest players. Forward Industries, the main owner of Solana Treasury, says it has sold about 456,000 SOL after the token’s lowest price in more than two years. The move comes as SOL trades near $66, down 20% over the past week despite strong online activity.
Forward Industries Invests $31.9 Million in SOL
According to Arkham Intelligence, Forward Industries placed 455,784 SOLworth about $31.9 million, to Coinbase Prime after a month of inactivity. The company also released 500,000 SOL via Sanctum 9 hours ago.
The sale has attracted the attention of the seller because Forward has been one of Solana’s biggest companies since it adopted its strategy of saving wealth in September 2025.
Since then, the company has spent about $1.59 billion to acquire 6.83 million SOL at an average price of $232 per token.
With SOL now trading at about $ 66, which has a total of $ 459 million, leaving the company with an unrealized loss of more than $ 1 billion.
Solana Network Activity Remains Strong
Although Solana’s price has changed, Solana’s metrics on the chain tell a different story. Network earned $90.5 million in operating costs in May, surpassing any major blockchain. Ethereum and Hyperliquid are followed by the lowest figures.
Solana has generated over $1.1 billion in real estate transactions and continues to attract nearly 8 million users per week, making it one of the most popular blockchain ecosystems.
What is next for Solana?
The latest economic activity comes at one of Solana’s weakest times in recent years. SOL has fallen below major support levels and is now trading at prices last seen in 2023. The biggest drop has already ended with about $88 million in long positions as traders rushed to reduce risk.
Meanwhile, crypto expert Martini Guy he warned that Solana could look at the $40 area again if the current support fails.
He added that the previous move between $40 and $80 happened quickly, raising concerns that another big drop could follow if the sell-off continues.
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