FG Nexus Sells Another 7,550 ETH Worth $14.06 Million as Total Reported Losses Reach $82.8 Million

TLDR:

• Lookonchain reported FG Nexus sold 7,550 ETH today, valued at approximately $14.06 million on the open market.
• FG Nexus originally bought 50,770 ETH for $196 million at an average entry price of $3,860 per token in 2025.
• The firm has offloaded 21,025 ETH at roughly $2,649 average, well below its original cost basis of $3,860 per token.
• FG Nexus still holds 30,094 ETH worth about $57.5 million, with total reported losses now standing at around $82.8 million.

According to Lookonchain, Ethereum treasury firm FG Nexus sold another 7,550 ETH today, worth approximately $14.06 million. The sale adds to a growing pattern of divestment that has drawn wide attention across the crypto market.

FG Nexus originally purchased 50,770 ETH between August and September 2025 for approximately $196 million. That position was acquired at an average price of $3,860 per token.

The firm currently holds 30,094 ETH valued at roughly $57.5 million, with total reported losses now at approximately $82.8 million.

Lookonchain Flags FG Nexus Latest ETH Sale of 7,550 Tokens

Lookonchain, a widely followed on-chain analytics platform, reported the latest FG Nexus transaction on its official channels.

The firm sold 7,550 ETH for approximately $14.06 million, continuing a trend that began in late 2025. Lookonchain has been tracking the firm’s movements closely, offering a transparent look at how its Ethereum position has deteriorated over time.

The on-chain data reveals that FG Nexus built its initial position across August and September 2025. During that window, the firm accumulated 50,770 ETH at an average cost of $3,860 per token.

The total outlay for that position came to approximately $196 million, reflecting a large institutional bet on Ethereum at the time.

However, as Ethereum prices declined, FG Nexus began moving in the opposite direction from its original strategy.

Rather than continuing to accumulate, the firm started reducing its holdings. That shift marked a notable reversal and set the stage for the losses now being tracked by Lookonchain.

FG Nexus Selling Activity Points to a Growing Realized and Unrealized Loss

Before today’s sale, FG Nexus had already sold 21,025 ETH at an average price of approximately $2,649 per token. That average exit price sits roughly $1,211 below the firm’s original average entry price of $3,860. The gap between those two figures captures how much value the firm surrendered on each token sold.

Today’s additional sale of 7,550 ETH at approximately $14.06 million further extends that loss gap. Lookonchain’s tracking shows the cumulative exit prices remain well below the original cost basis.

Combined, the sold ETH represents a substantial portion of what the firm once held across its peak position.

FG Nexus currently holds 30,094 ETH, valued at approximately $57.5 million according to Lookonchain data. Measured against the original $196 million purchase, the firm’s total reported loss stands at around $82.8 million.

That figure covers both realized losses from completed sales and the unrealized loss on the remaining position. A meaningful recovery in Ethereum prices would be necessary for that gap to narrow from this point forward.

The post FG Nexus Sells Another 7,550 ETH Worth $14.06 Million as Total Reported Losses Reach $82.8 Million appeared first on Blockonomi.