Forward Industries Moves 1.88 Million SOL to Coinbase Prime

Forward Industries moved 1,882,812 Solana (SOL) tokens to Coinbase Prime on Nov. 14 in a transfer valued at $130 million, a large wallet movement involving the company’s reported SOL position.

The transfer occurred at about 6:52 p.m. ET (23:52 UTC), 10 minutes before a post at 00:02 UTC on Nov. 15. Forward held 8,727,000 SOL, worth $611 million, and was the largest SOL treasury company.

The transferred amount is about 21.6% of the reported holdings by token count. The two valuations apply to different amounts: $130 million for the SOL moved and $611 million for the broader reported position. The movement therefore represents a portion of the stated holdings, not the entire balance.

Coinbase Prime was the destination, but the wallet transfer alone does not establish that Forward sold the SOL or what happened to the tokens after they arrived. The reported event is the transfer itself.