FG Nexus sells another 10,000 ETH, with a total loss exceeding 100 million dollars
Odaily reported that the wallet (0x4a2...b82), labeled by Arkham as belonging to a certain Nasdaq-listed exchange, transferred 10,000 Ethereum on Wednesday, worth approximately $17.8 million. The exchange had accumulated 50,770 Ethereum at an average price of $3,860 between August and September 2025, and the holdings were then valued at about $196 million.
As the price of Ethereum dropped to around $1,765, the original investment suffered realized and unrealized losses exceeding $100 million. As of Thursday pre-market, the exchange's share price fell 13.40% to $7.11.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Schlumberger and TotalEnergies sign a 15-year drilling program agreement
SLB.US has signed a 15-year agreement with TotalEnergies to provide drilling planning solutions.
US Stock Movement: Google C soared on October 8 due to Gemini proxy and Balyasny partnership
U.S. Stocks Move: Google A soared on October 8th due to Gemini Partnership + Balyasny Collaboration
Microsoft expands Xbox film and television business with new division
Microsoft (MSFT.US) is expanding Xbox's film and television business through a new division.
Crypto prices
More
