FG Nexus reduces 10000 ETH holdings and transfers to Galaxy Digital

According to on chain analyst Yu Jin's monitoring, Ethereum treasury company FG Nexus transferred 10000 ETH (approximately $18.16 million) to Galaxy Digital four hours ago. The company previously purchased 50600 ETH at an average price of $3940, with an investment amount of $200 million. Due to market downturn, it incurred a loss of $88.83 million. Since November last year, it has reduced its holdings of 38300 ETH (approximately $89.17 million), with an average reduction price of $2329.