Frax Finance [FXS] is starting to experience the return of sell pressure after previously going through a bullish phase. Could this be a temporary short-term profit-taking event, or is there more to the story? On-chain data revealed that some FXS whales were contributing to sell pressure at press time. A number of addresses holding a large amount of the Frax Finance tokens recently registered outflows totaling 1.42 million FXS tokens valued at over $8 million.