FG Nexus Ethereum Losses Top $100M Amid Continued Liquidations

Key Facts

1FG Nexus sold an additional 10,000 ETH worth approximately $17.8 million.

2The company's total realized and paper losses on its Ethereum position have exceeded $100 million.

3The company's share price dropped 13.40% in pre-market trading following the selloff and loss reports.

Amid intensifying sell-side pressure on digital assets, FG Nexus has offloaded an additional 10,000 ETH units worth approximately $17.8 million. According to reports, the company's total realized and paper losses on its Ethereum position have now surpassed the $100 million mark. This move has directly impacted investor sentiment, causing the company's share price to tumble 13.40% in pre-market trading.

This institutional exit occurs at a critical juncture for the market, as tracking data reveals FG Nexus accumulated roughly 50,770 ETH at an average entry price of $3,860, representing a massive premium over current market rates. Compared to other firms with digital treasury strategies like MicroStrategy, FG Nexus’s liquidation reflects a clear case of institutional capitulation to stem further capital erosion, per market data and sector analysis.

Traders are closely monitoring ETH support levels near $1,700 to gauge the extent of further institutional selling pressure. Looking ahead, global risk sentiment may be influenced by upcoming inflation data from Germany and France on May 29, 2026, which could indirectly impact appetite for high-risk assets like cryptocurrencies.