A significant shift in institutional sentiment has been observed with Forward Industries transferring a substantial amount of SOL, valued at around $192 million, to Coinbase Prime. This move, along with Galaxy Digital receiving an additional $50 million, suggests an active rebalancing strategy for the firm’s Solana holdings. This comes amidst growing confidence in the long-term potential of Solana, as evidenced by a rise in institutional investments. 88,433 SOL was acquired by Solana Strategies at an average price of $193.93 and includes 79,000 locked tokens from the Solana Foundation, increasing their total Solana holdings to 523,433 SOL. This shows a shift in institutional stance towards a more long-term outlook for Solana.