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Are these treasuries suddenly wilting?
Ethereum treasury company FG Nexus reduces holdings by 7,550 ETH again
On February 25, according to on-chain data analyst Yu Jin's monitoring, 8 hours ago, Ethereum treasury company FG Nexus (FGNX) sold off 7,550 ETH (approximately $14.06 million).
It is reported that FG Nexus has lost $86.98 million from ETH investments. Last August-September, during the DAT company's hot period, they purchased 50,600 ETH at an average price of about $3,940, worth $200 million at the time. After ETH prices declined, they started reducing their holdings from November. To date, they have sold a total of 21,000 ETH (approximately $55.69 million), at an average selling price of $2,649. $MSFTon
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