Lookonchain monitoring data shows that FDUSD was briefly decoupled to $0.8726 due to bankruptcy news. After the decoupling event, Wintermute withdrew 31.36 million FDUSD from Binance. If it was bought at a price near the bottom of $0.90, the institution may profit more than 3 million dollars after FDUSD resumed anchoring.
Note: FDUSD is a dollar stablecoin with a theoretical anchor price of $1.
Lookonchain: Wintermute may profit over $3 million after FDUSD resumes anchoring
2025-04-02 17:19:14
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