Institutional Sell-Off Sparks Market Concern
Chain analysis data reveals Ethereum-focused investment firm FG Nexus has sold 7,550 ETH worth approximately $14.06M on February 25. The transaction executed within 8 hours has drawn significant attention from crypto investors.
Strategic Investments Face Market Challenges
Historical records indicate the firm accumulated 50,600 ETH at around $3,940 per ETH during August-September last year when total investment reached $200M.
- Current cumulative sales total 21,000 ETH
- Average selling price at $2,649
- Total liquidity extraction reaches $55.69M
Market Impact and Strategic Implications
The firm's portfolio now shows unrealized losses of $86.98M as ETH prices remain subdued. The sell-off strategy initiated in November continues, raising concerns about potential downward pressure on ETH valuations.