【CryptoWorld】Ethereum ecosystem reserve management company FG Nexus recently made an asset adjustment — selling 2,500 ETH for $8.04 million. This reduction has drawn market attention to the company’s asset allocation.
According to on-chain data, FG Nexus’s current mNAV (net asset value per share) has fallen to the level of 0.84. More notably, the Ethereum reserves accumulated by this company during last year’s high period have now incurred an unrealized loss of approximately $11.52 million due to the price difference from the reduction.
From a market perspective, this reflects current ETH price pressure. Institutions that previously entered at high levels now have to face paper losses, and their move to sell off to adjust positions could further increase market volatility. For investors monitoring Ethereum ecosystem funds, such large-scale reductions are worth noting, as they often indicate a change in institutional short-term market expectations.
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MetaNomad
· 11h ago
Those who bought in at high levels are now cutting losses, and the pressure on ETH is really mounting.
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HappyMinerUncle
· 11h ago
Oh my, another big investor is cutting losses. This time, a floating loss of 11,520,000. Does it hurt?
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GateUser-74b10196
· 11h ago
It's another story of institutions buying the dip and losing out. They took over at high prices last year and are now cutting losses. The unrealized loss of 11.52 million is quite painful to watch.
Ethereum Treasury Massive Sell-off: 2,500 ETH Sold Triggering Millions of USD in Unrealized Losses
【CryptoWorld】Ethereum ecosystem reserve management company FG Nexus recently made an asset adjustment — selling 2,500 ETH for $8.04 million. This reduction has drawn market attention to the company’s asset allocation.
According to on-chain data, FG Nexus’s current mNAV (net asset value per share) has fallen to the level of 0.84. More notably, the Ethereum reserves accumulated by this company during last year’s high period have now incurred an unrealized loss of approximately $11.52 million due to the price difference from the reduction.
From a market perspective, this reflects current ETH price pressure. Institutions that previously entered at high levels now have to face paper losses, and their move to sell off to adjust positions could further increase market volatility. For investors monitoring Ethereum ecosystem funds, such large-scale reductions are worth noting, as they often indicate a change in institutional short-term market expectations.