FG Nexus Sells Another 10,000 ETH, Losses Top $100M Near $1,765

FG Nexus extended its ETH liquidation on June 4 by moving another 10,000 ETH worth $17.8 million, pushing realized and mark-to-market losses above $100 million as Ether traded near $1,750–$1,765. The sales follow an earlier 10,000 ETH transfer to Galaxy Digital and come after BitForex founder Garrett Jin moved 577,717 ETH to Binance in May when prices were near $2,337. Meanwhile, a Consensys Canada executive withdrew 20,426 ETH from Aave and deposited 4,144 ETH to Coinsquare. Ether has now fallen roughly 20% since those large inflows, underscoring ongoing institutional sell pressure.