Forward Industries, the largest publicly traded company in Solana, reported a book loss of nearly $1 billion, and its stock price has fallen nearly 90% from its peak.

Forward Industries (FWDI), the largest publicly traded Solana treasury, is experiencing a difficult period. FWDI currently holds nearly 7 million Solana tokens (SOL), making it the largest Solana treasury in the open market, exceeding the combined holdings of its three closest competitors. Its average purchase price for SOL was approximately $232; at the current price of around $85, its holdings are worth about $600 million, resulting in a paper loss of nearly $1 billion. Furthermore, FWDI's stock price has fallen from its high of nearly $40 last year to around $5 currently.