🌟 What is the company holding the most $SOL doing?
According to Austin Barack - Founder and Managing Partner Relayer Capital
The company currently holds the most $SOL , @FWDind has just launched a new liquid staking token (LST) using technology from Sanctum.
They invested over 230 million USD $SOL right at launch and stated that they will continue to increase this amount in the near future. This LST is also being integrated into many DeFi applications on SOL such as Kamino and various AMMs.
As a result, this new token has quickly become the 7th largest LST on Solana, surpassing even Bybit's LST.
Forward Industries also mentioned that they are considering purchasing more $CLOUD to hold as a corporate asset.
Currently, $CLOUD has 2 billion USD TVL, expanding its products with a goal of achieving 100 million USD in revenue each year - a market capitalization of 41 million USD, and all generated value will belong to holders.
⚠️ This article aims to provide information, not investment advice!
