On-chain data shows that the largest institutional holder of an altcoin may have sold a large amount.
The company transferred 1,443,507 SOL to Coinbase Prime three hours ago, amounting to about $201.34 million.
It is not yet clear whether the transfer was for sale.
Forward Industries holds the world’s largest SOL holdings among publicly traded companies.
As of the last update on November 15, 2025, the company held approximately 6.91 million SOL, representing more than 1.25% of Solana’s total circulating supply.
On-Chain Data Signals Largest Altcoin Holder May Be Selling
A major transfer of SOL and on-chain activity suggest the top holder could be preparing to sell; the exact intent remains unclear.
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