Key takeaways
Why are investors closely watching Forward Industries’ SOL transfer?
Because its $192 million deposit with Coinbase Prime could signal an institutional portfolio restructuring or deeper market positioning.
What does the positive funding rate say about Solana’s market sentiment?
This shows renewed confidence among traders, with more investors opening long positions after the recent volatility.
Forward Industries recently transferred 993,058 Solana (SOL), worth approximately $192 million, to Coinbase Prime, along with an additional $50 million sent to Galaxy Digital, sparking market-wide speculation.
The company, previously known for its purchase of Solana for $1.38 billion at $232 per token, may adjust its exposure after a long period of market consolidation.
Solana Strategies doubles its stake while others cover its positions
In contrast, Solana Strategies (NASDAQ: STKE) expanded its holdings by acquiring 88,433 SOL at an average of $193.93, including 79,000 locked tokens from the Solana Foundation.
The purchase brought its cash flow to SOL 523,433, boosting long-term confidence despite price fluctuations.
This opposing institutional behavior – one reducing exposure and the other accumulating it – reflects a market divide between short-term caution and strategic optimism.
Such divergence often precedes directional clarity, as large holders position themselves for the next major price cycle.
Solana regains strength in a KEY demand area
After rebounding from the $176 demand zone, Solana regained momentum within its ascending channel, trading near $206 at press time.
The RSI was at 49.41, signaling a resumption of buying strength after briefly dipping into oversold territory. Meanwhile, the 9-day moving average (MA) crossed above the 21-day moving average, indicating the early stages of a potential bullish move.
If Solana maintains this upward trajectory and breaks the $222 resistance, the next upside target could extend to $262.
Both indicators highlight strengthening momentum, suggesting that Solana’s short-term trend is gradually tilting in favor of buyers after an intense correction phase.


Source: TradingView
Funding rates turn positive as confidence slowly returns
Across derivatives markets, Solana’s aggregate funding rate stood at +0.005% at the time of writing, showing a gradual recovery in trader confidence following recent volatility.
Positive funding rates indicate that more traders are opening long positions, reflecting an improving outlook in perpetual markets.
This shift often suggests a greater willingness to pay premiums for upside exposure, typically seen when sentiment begins to recover from bearish extremes.
The steady return of long-biased positioning, coupled with stable price action above $200, reinforces the idea that optimism is returning to the Solana derivatives market.


Source: Santiment
Strategic rotation or bullish accumulation?
Forward Industries’ recent move likely signals a cash flow reshuffle rather than an exit from the market, while Solana Strategies’ increase in holdings reinforces the trend toward strong institutional accumulation.
As funding rates remain stable and Solana’s price rises back above $200, market confidence appears to be strengthening.
The combination of consistent on-chain activity, improving technical indicators, and bullish sentiment in derivatives markets suggests that Solana is entering a new phase of accumulation, led by strategic institutional interest.