FG Nexus suspected of selling all ETH for $86.6M loss

FG Nexus (FGNX), an Ethereum accumulation firm (DAT), is suspected of selling its entire ETH holdings, realizing an estimated loss of $86.6 million, Onchain Lens reported. The firm is believed to have deposited a total of 51,156 ETH ($109.4 million) to exchanges. This includes a transaction five hours ago in which 9,481 ETH, worth $14.89 million, was sent to Galaxy Digital in a presumed sale.