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Solana

Forward Industries Deposits $123M of Solana to Coinbase Prime

Forward Industries has deposited $123 million worth of Solana into Coinbase Prime, according to a recent report.

Forward Industries Deposits $123M of Solana to Coinbase Prime
Image: BullishMarketCap

Forward Industries has deposited $123 million worth of Solana into Coinbase Prime, according to data reported by bloomingbit. The transaction moves a significant amount of the digital asset to the institutional custody and prime brokerage platform.

Institutional Deposit

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The deposit involves $123 million in Solana, directed to Coinbase Prime. The report did not disclose further details regarding the intended use of the funds or whether the assets are slated for liquidation, custody, or trading operations.

Key facts

  • Forward Industries deposited $123 million of Solana.
  • The destination of the funds is Coinbase Prime.
  • The transaction was reported by bloomingbit.
$SOLCoinbase#Solana#Coinbase#Crypto

Source: news.google.com

This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.

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