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Forward Industries Buys More Solana Amid Predicted Price Drop

Guavy AI Editorial Team
Instruments
SOL
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Solana's price has been on a downward trend in 2026, dropping by 40% so far. If bearish momentum continues to accelerate, analysts predict an additional 10% drop in the coming days.

Forward Industries, the largest Solana treasury company, recently purchased 254,000 SOL tokens at an average price of $75, a $19 million investment. This marks their first acquisition of SOL in months, following a major loss after their initial purchase on September 15 when they bought 6.82 million SOL tokens at $232.

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