FG Nexus, a prominent Ethereum treasury firm, has just sold an additional 10,000 ETH, bringing its cumulative losses over the past months to more than $100 million. The decision follows a series of earlier cuts that have seen the firm steadily reduce its exposure to the network’s native token. While the firm’s exact motivations remain undisclosed, the pattern suggests a cautious stance amid a broader climate of uncertainty.
At the time of the sale, ETH was hovering around $1,583, showing a modest 3.6 % rise in the last day. Yet the market’s fear‑greed index sits at a low of 15, classified as extreme fear, indicating that many participants are still wary of further downside. In this environment, large institutional sell‑offs can amplify downward pressure, especially when coupled with other signals such as whales moving significant balances or stablecoins briefly overtaking Ethereum’s market cap.
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