Forward Industries Establishes 25-Member Crypto Team to Enhance Solana Treasury

Forward Industries' Crypto Advisory Board: Forward Industries has established a Crypto Advisory Board comprising 25 industry veterans to enhance its digital asset treasury focused on Solana, aiming to strengthen its influence in the Solana ecosystem and promote institutional adoption.

Strategic Investments and Support: The company has made significant investments, including purchasing approximately 6.8 million SOL worth around $1.6 billion, and has received backing from the Solana Foundation and other major firms, indicating growing institutional confidence in Solana's potential.

Expansion Plans: Forward Industries plans to expand its advisory team further, potentially including leaders from finance, technology, and blockchain research, with the goal of becoming the largest Solana treasury company.

Solana's Market Performance: Despite these developments, Solana's market performance is struggling, with the token experiencing a decline and analysts predicting continued corrective movement in the near term.