Overview
- Lookonchain recorded a sale of 7,550 ETH worth roughly $14.06 million on Feb. 25, extending FG Nexus’s late-2025 shift to disposals.
- FG Nexus rebranded from Fundamental Global and raised about $200 million in mid-2025 before accumulating 50,770 ETH at an average price of $3,860.
- Reporting shows disposals now exceed 21,000 ETH at an average exit near $2,649, with one tracker tallying more than 28,000 ETH sold since the strategy reversal.
- Estimates of remaining holdings vary by source from roughly 30,000 ETH to 37,594 ETH, with combined realized and mark-to-market losses reported around $82.8 million.
- Lookonchain, citing Arkham data, identified Galaxy Digital as the recipient of the 7,550 ETH, as other large holders including Vitalik Buterin, Trend Research, and Arthur Hayes have also reduced or moved ETH positions.