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Forward Industries suffers a loss of 711 million USD as SOL price drops sharply
According to Lookonchain, the recent decline in the cryptocurrency market has created a significant disparity in profits and losses among major institutions. Notably, Forward Industries, with 6.83 million SOL purchased at an average price of $232.08, is currently facing an unrealized loss of about $711 million, equivalent to a 44.85% decrease. This steep drop highlights the sensitivity of large-scale investors during periods of market volatility.
Overall market sentiment remains cautious, as other institutions are also experiencing varying degrees of unrealized losses. Analysts believe that this PnL disparity could influence future trading behavior, leading to increased selling pressure or adjustments in portfolio strategies. Monitoring these positions is crucial for forecasting broader market trends and understanding the impact of major institutions on price fluctuations within the cryptocurrency ecosystem.