FGNexus sold ETH, resulting in book loss of more than US$85 million

According to @Lookonchain monitoring, institutional/giant whale FGNexus's Ethereum reserve strategy has currently accumulated losses of more than US$85 million. During the period from August to September 2025, FGNexus bought 50,770 ETH units at an average price of US$3,860, with a total investment of approximately US$196 million. Since then, it has continued to reduce its holdings since November 2025. So far, a total of 36,025 ETH units have been sold, with an average selling price of approximately US$2,330, and funds recovered are approximately US$83,920,000.