FG Nexus appears to sell more ETH at a loss

FG Nexus (FGNX), an Ethereum accumulation firm (DAT), is believed to have sold another 3,375 ETH ($5.34 million) after depositing the funds to Galaxy Digital seven hours ago, Onchain Lens reported. The firm had previously invested $196 million to acquire 50,770 ETH. To date, it has sold a total of 41,675 ETH for $94.51 million, resulting in an estimated loss of over $90 million.