With approximately $7 million in SOL, Forward Industries (FWDI) is the largest publicly traded Solana treasury, larger than the next three largest competitors combined. Based on an average purchase price of $232 for tokens, and at the current SOL price of just over $85, FWDI's SOL tokens are worth approximately $600 million. This represents a paper loss of approximately $1 billion. FWDI's stock price has plummeted from nearly $40 at the height of the digital asset fund management craze last year to just over $5 today. x.com/WuBlockchain/status/2020...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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