According to Wu, FLUID surged more than 50% this morning. On-chain analyst Amir Ormu believes this may be related to Wintermute's upcoming loan repayment. Nansen data shows that the Wintermute MM address has net purchased 13.272 FLUID in the past 24 hours, worth approximately $516,000. In December last year, Wintermute proposed a liquidity plan in Fluid Governance to borrow 700,000 FLUID tokens from the DAO Treasury for providing liquidity on CEX and DEX over the next year, and the repayment deadline is approaching. However, Amir Ormu pointed out that when Wintermute borrowed in December last year, the price of FLUID was $7-10, whereas now the price of FLUID is only about $4, allowing them to buy back the tokens at nearly half the discount to repay the loan.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Internet Computer Price Nears Wedge Breakout — Will Momentum Hold Above $2.54?
Internet Computers continues trading within a falling wedge that has developed since November. Price now approaches the pattern’s upper boundary as volatility tightens.
ICP is trading around the $2.57 mark which is a bit higher than the $2.54 support. In the meantime, the immediate
CryptoNewsLand23m ago
Holo (HOLO) Price Holds Near $0.06 as Key Reversal Zone Forms Between $0.05 and $0.062
Holo is trading around $0.06027 and, with a 2.8 percentage increase, but still within a narrow range of 24 hours.
A reversal zone between $0.05 and $0.062 is also detected which coincides with the present zone of consolidation.
Within the short term trading levels, the immediate price
CryptoNewsLand33m ago
Bitcoin to $90,000? Top Analyst Outlines Bullish Case Following Recent Breakout - U.Today
Bitcoin has achieved a significant breakout, prompting analysts to set aggressive price targets. Will Meade predicts a rise to $90,000 based on current momentum, following a range-bound trading environment and consolidation, indicating bullish trends in the market.
UToday1h ago
Bitcoin Cash Battles $459 Resistance as Massive Sell Walls Stack Toward $650
BCH is trading at $455.86 close to the resistance range of $459.20 with the support level of $447.44.
The chart data indicates that the chart has strong resistance levels at around $520, $580 and $650 which restricts the momentum on short term upside.
Following a sharp fall, price
CryptoNewsLand1h ago
Dogecoin Holds $0.0925 as Traders Recall Historic 12x Surge and Watch $0.09443 Resistance
Dogecoin is trading at $0.0925 which translates to 0.6% increase in the past 24 hours.
The short term range is narrow as support and resistance are located at levels of $0.09173 and $0.09443 respectively.
Historical chart data shows that there
CryptoNewsLand1h ago
Solana Approaches Major Triangle Breakout With $373 Target in Focus
Price action shows a tightening structure between descending resistance and a rising long-term support trendline.
The chart highlights $373.42 as a potential liquidity level if price breaks above the descending resistance.
The rising base trendline continues stabilizing price after the l
CryptoNewsLand2h ago
