Key notes
- Forward Industries is sitting on a loss of $ 245 million after Solana’s heavy purchases.
- Solana Price dropped 18% in a week while open interests reached a record of $ 14.5 billion.
- Funding rates show the domination of long long, risking long pressure.
According to Lookonchain, the daring bet of industries in Solana
GROUND
$ 193.0
24h volatility:
4.1%
COURTIC CAPESSION:
$ 104.78 B
Flight. 24 hours:
$ 11.25 B
Quickly became sour while assets faced a floating loss greater than $ 245 million.
The crypto space now has doubts about the company’s strategy which was supposed to advance the soil ecosystem.
The company bought 6,822,000 soil from an average of $ 232 per token, spending about 1.58 billion dollars to build what President Kyle Samani once called “the largest Solana treasure company in the world”.
Galaxy Digital helped transmit industries to complete the massive purchase of 6,822,000 $ Soil($ 1.58 billion) at $ 232 AVG in the last 5 days.
There are still $ 67 million left to buy $ Soil. pic.twitter.com/nwiomsqxvx
– Lookonchain (@lookonchain) September 15, 2025
Today, with Sol Trading around $ 194, Forward experienced a massive drop in his portfolio. Meanwhile, Solana’s price was on a strong correction, lowering more than 18% in a single week, one of the worst performance among cryptocurrencies among the best 20 this year.
Solana Oi in Ath
The drop in soil prices was stimulated by record activity on the term markets, where open interest has increased to 71.8 million soil, which is equivalent to nearly $ 14.5 billion, according to Coinglass.
Funding rates have returned to a positive territory at 0.0043% after recently plunging negative, indicating a domination of long leverages at a time when the cash market remains under pressure.
This imbalance could cause long pressure, where cascade liquidations cause rapid dynamics.
Sol price analysis
After joining a corner structure mounted for months, the token has broken down sharply. Prices have dropped below the Mid-Bollinger group’s support nearly $ 226 and now flock to the band less than about $ 193.
A decisive closure under this level risks exposing the range from $ 180 to $ 170, with $ 160 as a deeper lower target if the momentum accelerates.
Meanwhile, the RSI fell to 36, hovering just above the territory of occurrence, while the MacD shows a lower crossover with an enlarged drop. The overall structure suggests that buyers lose control.
Sol Prix Action Freak Down from to a rising corner. | Source: tradingView
On the other hand, the recovery of the area from 200 to $ 210 would be an early sign of stabilization. The bulls should then push $ 226 to regain confidence, resistance to the upper corner nearly $ 259 serving as a long -term optimistic target.
Snorter Bot Presale reached $ 4.1 million, SNORT set to revolutionize Solana trading
While Sol is targeting prices, Snorter Bot (SNORT) is gaining ground as a commercial assistant based on the telegram. Its first version takes place on Solana, simplifying the discovery of tokens, shooting and management on the chain.
The SNORT token, with a fixed offer of 500 million, offers 115% to stimulate APY and has already raised $ 4.1 million in what is announced as one of the best cryptographic presses for 2025. The first investors can access the premium trading features while benefiting from fast and secure swaps directly in telegram.
Presentation of the presale of Snorter Bot
- Token price: $ 0.1055
- Funds collected: $ 4.1 million
- Token symbol: $ Snort
- Network: Solara
Snorter Bot is positioned to become one of the most accessible and powerful crypto trading robots on the market. Make sure to consult the official website to stay up to date with the launch date of Snorter Bot.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
