Solana Treasury Grows as Forward Industries Buys During 40% Pullback

Solana price recovered by 12% on February 08 as corporate treasuries boosted their SOL holdings despite the overall market volatility.

At the time of writing, Solana is trading around $88, down 13% intraday, according to TradingView charts. The overall cryptocurrency market has corrected by $200 billion, which helped alleviate selling pressure.

Corporate Treasuries Increase SOL Accumulation

One of the most interesting aspects of the Solana price action is the continued accumulation of SOL by Solana-centric corporate treasuries. Forward Industries boosted SOL holdings during the downturn, as per a recent post by CryptosRus.

The company reportedly uses on-chain staking to earn an estimated 8.05% staking reward in addition to more traditional capital market strategies, such as a shelf offering announced previously.

The strategy reflects a broader shift among Solana-aligned firms. Rather than using downturns as opportunities to accumulate stablecoins, some entities are now viewing blockchain networks as a source of productive capital, actively staking assets to produce yield while still being exposed to the underlying.

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Reclaiming $100 Critical for Solana Rebound

Glassnode metrics show a slowdown in long-term holder accumulation, with the HODLer Net Position Change declining following SOL’s recent pullback. In the past, decreased engagement with long-term holders has been shown to impair the sustainability of short-term price rallies.

Momentum indicators point to a possible deceleration in selling pressure. The Money Flow Index is nearing oversold conditions below 20, an area that has been shown to precede periods of price stabilization for Solana in the past.

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