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FG Nexus closes ETH holdings after final 9,481 ETH transfer to Galaxy Digital

FG Nexus closes ETH holdings after final 9,481 ETH transfer to Galaxy Digital

The July 1 deposit completed a broader 51,156 ETH move worth about $109.4 million after earlier sales, with Onchain Lens estimating cumulative losses of roughly $86.6 million to $86.8 million.

ETH

Fact Check
The primary Onchain Lens X post explicitly states FG Nexus sold all ETH with the final 9,481 ETH ($14.89M) deposited into Galaxy Digital, and a total 51,156 ETH ($109.4M) deposited, resulting in an $86.6M loss — matching the claim's specific figures. BlockBeats corroborates the full liquidation via Galaxy Digital and the $86.6M loss, while Odaily (citing Lookonchain) independently confirms the ~$109.4M sale amount and ~$86.6M loss. An earlier BlockBeats flash citing Onchain Lens shows an intermediate cumulative loss above $86.8M, consistent with the $86.6M-$86.8M range in the claim.
Summary

FG Nexus fully exited its ETH position on July 1 after depositing its final 9,481 ETH, worth about $14.89 million, to Galaxy Digital, according to Onchain Lens. The transfer completed a wider 51,156 ETH move valued at about $109.4 million. Earlier, FG Nexus had sold 3,375 ETH for $5.34 million on June 30 and, according to PANews citing Onchain Lens, had sold 41,675 ETH for a combined $94.51 million after originally acquiring 50,770 ETH for $196 million. Onchain Lens estimated cumulative losses tied to the ETH position at about $86.6 million, while the earlier report put losses at more than $86.8 million.

Terms & Concepts
  • ETH: Ethereum's native token.
  • Galaxy Digital: A digital-asset financial services firm that provides trading and related crypto market services.
  • realized loss: Loss locked in when an asset is sold or otherwise exited below its purchase cost.