According to a report by Odaily Planet Daily, on-chain tracking data from blockchain analytics platform Lookonchain shows that cryptocurrency investment firm FG Nexus has realized cumulative losses of over $85 million from its Ethereum reserve operations, making it one of the largest single-institution losses visible on-chain recently.
On-chain records indicate that in the second half of 2025, Ethereum prices weakened significantly. FG Nexus accumulated 50,770 ETH between August and September at an average price of approximately $3,860, with a total investment of about $196 million. However, as the market further declined, the institution began reducing its holdings starting in November, selling a cumulative 36,025 ETH, recovering around $83.92 million at an average selling price of roughly $2,330. Based on the sold portion alone, the loss amounted to approximately 39.6%, corresponding to a loss of over $85 million. As of now, the institution still holds around 14,745 ETH and has not announced further disposal plans. This loss underscores the high-risk nature of the crypto market and serves as a reminder of volatility risks.