Wintermute transfers $75M FDUSD since depegs, in $3M arbitrage opportunity

Wintermute Capitalizes on FDUSD Flash Crash, Making Over $3M Profit Amid Depeg

In a dramatic turn of events on April 2, 2025, the stablecoin $FDUSD briefly lost its usual $1 value, dropping to as low as $0.8726 after a series of bankruptcy rumors surrounding its issuer, First Digital Trust (FDT). This sharp decline in price triggered a wave of panic selling across the market, but it also provided a unique opportunity for IA traders to buy the now-devalued asset at a significant discount. Among those moving swiftly to place…

FDUSD Depeg: Wintermute Rescues Situation In 24 Hours

After FDUSD’s price drop, Wintermute profited up to $3 million as the stablecoin recovered. First Digital Insists FDUSD is backed and redeemable, denying loss of control through insolvency claims. FDUSD’s depeg has yet to be resolved and continues to undermine investor confidence in the entire market. A prominent player in cryptocurrency, Wintermute, has recently executed transactions that suggest a smart trading opportunity after the unexpect…

Wintermute Capital Capitalizes on $3 Million Arbitrage Opportunity with $75 Million FDUSD Transfers Since Depegging

Wintermute, a proprietary trading firm, has entered the decentralized finance (DeFi) market by launching fdUSD, a stablecoin that aims to bridge the gap between traditional finance and DeFi. The firm’s main goal is to provide liquidity and stability to the DeFi space, ultimately helping to eliminate the high volatility associated with many cryptocurrencies. Wintermute’s entry into DeFi comes at a time when market makers are playing an increasing…

Wintermute transfers $75M FDUSD since depegs, in $3M arbitrage opportunity

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Wintermute Withdraws $FDUSD As Stablecoin Briefly Depegs To $0.87

First Digital USD ($FDUSD), a well-known stablecoin pegged to the USD, has witnessed a brief loss of peg. As per the data from Lookonchain, $FDUSD has recently plunged to $0.8726, resulting in huge withdrawal by Wintermute, a popular crypto market maker platform. The on-chain data firm provided the details of this incident in a recent X post. FDUSD briefly depegged to $0.8726 after bankruptcy news.After the depeg, #Wintermute withdrew 31.36M $F…

The FDUSD stablecoin decoupled from the dollar, falling to a minimum of 88 cents after Tron's founder's comments sounded alerts about First Digital's solvency capability.