Ethereum News Today: DATs Offload ETH to Prop Up Shares Amid Prolonged Weakness

Ethereum's price struggles have deepened as a whale's staking losses reached $4.66 million over three and a half months, underscoring broader market fragility. The decline coincided with a wave of asset sales by Ethereum treasury firms, including FG Nexus, which offloaded nearly 10,922 ETH-worth approximately $33 million at current prices-to fund a share buyback program. The move, part of a broader trend among digital asset treasuries (DATs), highlights the sector's struggle to maintain value amid prolonged crypto weakness.

The pressure on Ethereum intensified as the token hovered near the critical $2,800 support level, a threshold historically linked to major market shifts. FG Nexus's actions followed a similar strategy by ETHZilla in October, where $40 million in ETH was sold to repurchase shares. These sales reflect a growing pattern among DATs, which have seen their stock prices plummet by over 90% in some cases, trading well below the net asset value (NAV) of their crypto holdings. "We plan to continue buying back shares while our stock trades below NAV," FG Nexus CEO Kyle Cerminara stated, emphasizing the firm's commitment to capital efficiency.

Meanwhile, institutional interest in Ethereum remains robust. Staking activity hit a record 33 million tokens in November 2025, while BlackRock filed for a new staked Ethereum ETF, building on the $13.1 billion inflows for its existing Ethereum Trust ETF since July 2024. Despite these developments, Ethereum's price remains under pressure, with analysts noting that weak demand and saturated DAT markets have exacerbated volatility.

The whale's staking loss, combined with the broader market dynamics, illustrates the risks of holding Ethereum during periods of uncertainty. As DATs continue to navigate declining stock valuations and crypto price swings, the sector's stability remains in question.