FG Nexus Suspected of $86.6M Loss in Large-Scale ETH Sell-Off

FG Nexus, a firm known for accumulating Ethereum, has been suspected of liquidating its entire ETH position, incurring an estimated realized loss of $86.6 million.

The move represents one of the larger single-entity crypto sell-offs in recent weeks, with Onchain data suggesting that FG Nexus deposited a total of 51,156 ETH to multiple exchange wallets.

The deposits were spread across several transactions, indicating a systematic unwinding of the position rather than a single panic move. The firm had previously been identified as a significant Ethereum accumulation entity, making the scale of the sell-off notable for market watchers.