Forward moves $130M in SOL to Coinbase Prime

A treasury company moving a nine-figure token position into a prime brokerage venue reads as a liquidity and custody event rather than a directional signal, and the size relative to Forward's remaining holdings makes the destination — not the transfer itself — the notable detail. Coinbase Prime is where institutional desks stage execution and financing, so the market's read will hinge on whether this SOL stays parked or reaches exchanges. For SOL holders, the concentration risk is the real story: a single corporate treasury still controls a large float. Whether further transfers follow is the open question.