FG Nexus also dumps Ethereum… sells $14 million in a single day

JOON HYOUNG LEE

Summary

U.S. Nasdaq-listed FG Nexus said it sold 7,550 Ethereum (ETH) worth about $14 million.
FG Nexus also sold Ethereum worth $56 million last year, with an average selling price of $2,649.
After the latest sale, FG Nexus’s Ethereum holdings fell to about 30,000, and its cumulative losses reached $82.80 million.

FG Nexus, a U.S. Nasdaq-listed company that has been stockpiling Ethereum (ETH), unloaded Ethereum worth $14 million (about 20 billion won).

According to Lookonchain on the 25th (local time), FG Nexus sold 7,550 Ether that day. At current prices, the sale was worth $14.06 million.

This is not the first time Lookonchain has sold Ethereum. Previously, FG Nexus unloaded Ethereum worth $56 million (about 80 billion won) late last year. The average selling price at the time was reported to be $2,649 per Ether.

FG Nexus is a digital-asset treasury (DAT) company that declared an Ethereum stockpiling strategy last year. In August–September alone, it bought Ethereum worth $196 million (about 280 billion won). The average purchase price was $3,860 per Ether.

Meanwhile, following this sale, FG Nexus’s Ethereum holdings fell to around 30,000 as of that day. Its cumulative losses amount to $82.80 million (about 120 billion won).

ETH