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.
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