FG Nexus dumps 10,000 Ether as total losses cross the $100 million mark

The bleeding hasn't stopped for FG Nexus. The Ethereum treasury firm just offloaded another 10,000 ETH, worth roughly $17.8 million, as it continues to slash its exposure to the second-largest cryptocurrency. This latest sell-off isn't a victory lap; it's a retreat. Between realized hits and paper devaluations, the firm's total losses have now climbed past a staggering $100 million. They're liquidating into a market that's shown little mercy to heavy bags lately. While some whales are accumulation-hungry, FG Nexus is clearly signaling it’s had enough of the volatility. This move follows a string of previous divestments that suggest the treasury is prioritizing capital preservation over a long-term moonshot. It’s a stark reminder that even institutional players get shaken out when the numbers turn deep red. The big question now is whether the firm is done selling, or if there's another ten-thousand-token block waiting for the next bounce.