Forward Industries associated address deposits 8200 ETH to Coinbase after holding the funds for almost 3 years

BlockBeats News, February 25th, according to Onchain Lens monitoring, a wallet address associated with Forward Industries deposited 8,200 ETH (valued at $14.91 million) into Coinbase after holding it for 2-3 years, facing a potential loss of around $10.82 million.

The whale initially received 23,491 ETH (worth $76.26 million) from Binance and Coinbase, which was used for staking and later redeposited 23,914 ETH (worth $65.44 million) back to the exchanges.