FG Nexus Sells Another 10,000 ETH, Total Loss Exceeds $100 Million
2026-06-04 10:55
Odaily A wallet (0x4a2...b82) flagged by Arkham as belonging to Nasdaq-listed company FG Nexus transferred 10,000 ETH, valued at approximately $17.8 million, on Wednesday. FG Nexus accumulated a total of 50,770 ETH between August and September 2025 at an average price of $3,860, with the position valued at roughly $196 million at the time.
Due to the decline in Ethereum’s price to around $1,765, the company’s original investment has incurred realized and unrealized losses exceeding $100 million. As of Thursday’s pre-market trading, FG Nexus’s stock price fell 13.40% to $7.11.
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