Woofun AI reports that FG Nexus deposited 3,375 ETH, valued at approximately $5.34 million, to Galaxy Digital roughly seven hours ago. This transaction represents the latest execution in a costly divestment strategy by the entity known for accumulating large Ethereum positions. The firm initially deployed $196 million to acquire 50,770 ETH at a significantly higher average price point. To date, FG Nexus has offloaded a total of 41,675 ETH, generating proceeds of only $94.51 million.

Woofun AI on-chain data shows this cumulative activity has resulted in an estimated realized loss of over $90 million on the position. The consistent pattern of selling into a down market raises questions regarding the firm's financial health and its original accumulation thesis. Selling at a loss rather than holding through the market cycle suggests potential liquidity pressures or a fundamental shift in the outlook for ETH's near-term price trajectory. While the specific sale of 3,375 ETH is not massive relative to daily trading volume, the cumulative liquidation of over 41,000 ETH adds persistent sell-side pressure. This dynamic is particularly notable in a market already grappling with regulatory uncertainty and volatile price action. Such aggressive realization of losses marks a significant deviation from typical long-term accumulation strategies observed in the sector.