Major Ethereum firm FG Nexus just dumped another 7,550 ETH! Is this a sign of wavering institutional confidence in the crypto market?
Despite accumulating 50,770 ETH for $196M (avg $3,860/token), FG Nexus has shifted strategy, facing over $70M in unrealized losses.
It's not just FG Nexus: Trend Research sold 651,757 ETH & Vitalik Buterin liquidated 11,422 ETH, fueling major selling pressure.
But wait, not all firms are selling! Bitmine just added 51,162 ETH, holding 4.42% of supply. Is this the ultimate crypto battle?