Wintermute Profits from $FDUSD Depeg Arbitrage

When FDUSD depegged, savvy players wasted no time capitalizing on the opportunity. #Wintermute , a well-known market maker, transferred 75 million FDUSD to First Digital Labs—suggesting they executed a profitable arbitrage play.

By buying #fdusd at a discount during the depeg and later redeeming it 1:1 through First Digital, they likely secured a significant profit.

Wallet Address: 0x06aDaac796f792B6E2EcfA5a6Bf9B345B76c7D70

A classic move by the pros—buy the fear, sell the recovery!