According to @PANewsCN, DefiLlama data indicates Forward Industries holds 6.82 million Solana (SOL) with a $232 average cost, implying a total cost of $1.583 billion and a current value of $1.201 billion for an unrealized loss of $382 million, source: DefiLlama via PANews. According to @PANewsCN, the outlet also reports Forward’s share price fell from a $39.60 peak to $10.44, cutting market capitalization to about $900 million, source: PANews. According to @PANewsCN, the reported $232 SOL cost basis provides a clear reference level for traders tracking potential break-even supply dynamics around that price, source: DefiLlama via PANews.

According to Lookonchain, there are six strategic SOL reserve entities with holdings above 1 million SOL (source: Lookonchain). Forward Industries holds 6,822,000 SOL with a reported average purchase cost of $232 per SOL, implying a cost-basis value of about $1.58 billion (source: Lookonchain). The $232 average cost defines Forward Industries' breakeven per SOL for position-level PnL tracking by traders (source: Lookonchain). The concentration of six entities each above 1 million SOL highlights whale exposure that market participants monitor for liquidity and flow risk in Solana markets (source: Lookonchain).