Forward Industries' Solana Loss: Price Drop Reached 75%

In recent days, significant developments have occurred in the cryptocurrency market, while Forward Industries' holdings of Solana (SOL) have recorded substantial losses. The company holds a total of 6.82 million Solana, which, given the market volatility, translates to a loss of 382 million dollars. Consequently, the total value of SOL has decreased to 1.2 billion dollars.

According to DefiLlama data, Forward Industries (NASDAQ: FORD) had purchased a total of 6.82 million SOL at an average cost of 232 dollars. However, the current market price has resulted in a significant decrease in the value of its holdings. The company's stock performance has also been affected, facing an unrealized loss of 24.13%.

The stock price of Forward Industries has declined from a high of 39.6 dollars during the year to 10.44 dollars, reflecting a drop of 73.6%. Currently, the company's market capitalization has fallen below the net value of its Solana holdings to a level of 900 million dollars. This indicates a cautious approach from investors towards the company.

Analysts point out that the market is taking a cautious approach to Forward Industries' current situation regarding its non-crypto activities and risks. The fluctuations in Solana's price are believed to have reignited discussions about the relationship between corporate treasuries and cryptocurrency assets. This situation once again highlights how volatility can affect the balance sheets of companies.

At the time of writing, Solana is trading in the 156.11 dollars range. For investors, conducting careful analysis and risk management at this point is essential.