Forward Industries Launches 25-Member Solana Advisory Board
Forward Industries has launched a 25-member Solana advisory board to guide its corporate treasury strategy, following its recent acquisition of about 6.8 million SOL and a $4 billion at-the-market offering. The Solana advisory board includes ecosystem pioneers such as Helium founder Amir Haleem, Backpack CEO Armani Ferrante, Drift Labs co-founder Cindy Leow, Superstate CEO Robert Leshner, and Gauntlet founder Tarun Chitra, alongside Galaxy Digital executives Harry Austin and Michael Marcantonio, with board observers Saurabh Sharma and Chris Ferraro. Supported by the Solana Foundation, Galaxy Digital, Jump Crypto, and Multicoin Capital, the board will oversee strategic SOL token purchases and disciplined treasury management to boost the SOL-per-share metric. This move underscores growing institutional confidence in Solana’s scalability and governance. SOL currently trades around $179.58, down 6.4% intraday and 7.7% weekly; analysts point to key support levels at $172–$168 and note that a break below could push prices toward $160, while a recovery above $195 may signal a bullish reversal for the token.
Bullish
The launch of a formal Solana advisory board combined with a large SOL acquisition and a $4 billion ATM offering signals strong institutional commitment to the token. In the short term, SOL’s price dip toward key support levels may prompt traders to seek buying opportunities around $172–$168 or prepare for a deeper correction to $160. Over the long term, disciplined treasury management and high-profile backing from Galaxy Digital, Jump Crypto, Multicoin Capital, and the Solana Foundation should bolster market confidence, governance standards, and token demand, creating a bullish outlook for SOL.