moved 75 million $FDUSD to First Digital Labs after the stablecoin briefly dropped to $0.8726 on April 2, 2025. The dip followed speculation about First Digital Trust’s financial stability, reportedly linked to Justin Sun’s comments.

The likely play? Buying $FDUSD at a discount—potentially around $0.90—and redeeming it at full value ($1) through First Digital, netting a potential profit exceeding $3 million as the stablecoin re-pegged. Meanwhile, First Digital is pushing back against insolvency rumors, insisting that FDUSD remains f$SOL ully backed and distancing itself from any issues surrounding$BTC $BNB