LobsterDAO 🦞

02 Apr 2025 19:22

So, buying FDUSD is a profitable trade here right?

LobsterDAO 🦞

02 Apr 2025 18:53

https://x.com/firstdigitalhq/status/1907475712447230173

LobsterDAO 🦞

02 Apr 2025 18:36

Or just buy the dip if it’s not on leverage

LobsterDAO 🦞

02 Apr 2025 18:34

Not saying this is what happened here but big players found out a long time ago they can earn millions from playing the social media card while shorting/longing as much as they want

LobsterDAO 🦞

02 Apr 2025 18:32

I swear he is just the front for either CCP or DRPK

LobsterDAO 🦞

02 Apr 2025 18:27

and Sun going to buy one more banana now

LobsterDAO 🦞

02 Apr 2025 18:26

they are claiming first digital mismanaged funds for TUSD reserves

LobsterDAO 🦞

02 Apr 2025 18:23

it is not a stable by first digital

LobsterDAO 🦞

02 Apr 2025 18:23

Well seems like offshoot of the same company. are they related or no?

LobsterDAO 🦞

02 Apr 2025 18:22

same custodian as TUSD?

LobsterDAO 🦞

02 Apr 2025 18:21

i thought it was TUSD

LobsterDAO 🦞

02 Apr 2025 18:16

pls not another depeg in my lifetime

LobsterDAO 🦞

02 Apr 2025 18:12

FDUSD DEPEGS 5% AFTER CONCERNS RAISED BY JUSTIN SUN OVER SOLVENCY, WIPING $130M OFF ITS MARKETCAP: MARKET

🔗 velo.xyz

LobsterDAO 🦞

02 Apr 2025 17:33

yeah honestly that's issue with tokens as a whole. most tokens are in this limbo where they vaguely represent the market's confidence in the core team but doesn't exactly represent equity and you are not really entitled to anything. it is hard to enter a flywheel when the wheel itself isn't well defined.

LobsterDAO 🦞

02 Apr 2025 17:25

no, but if you burnt the native token of your l2 you might enter in a flywheel. It's just an exemple of value sharing, my point is broader than l2, could be any chain or app

LobsterDAO 🦞

02 Apr 2025 19:08

Finally altseason against FDUSD on Binance

LobsterDAO 🦞

02 Apr 2025 18:51

I mean that's true for sure.

LobsterDAO 🦞

02 Apr 2025 18:36

In a situation like this, it’s so easy. Someone makes a tweet/article before shorting a stablecoin and then longing when someone says its not true

LobsterDAO 🦞

02 Apr 2025 18:33

Probably through these kind of tactics

LobsterDAO 🦞

02 Apr 2025 18:31

Where does Sun source his infinite money from?

LobsterDAO 🦞

02 Apr 2025 18:26

and that first digital as a whole is insolvent

LobsterDAO 🦞

02 Apr 2025 18:25

So I guess the depeg comes from the article about Justin Sun helping out a liquidity crisis of 500million in TUSD because their money was stuck in illiquid investments.

LobsterDAO 🦞

02 Apr 2025 18:23

TUSD used first digital trust as a fiduciary

LobsterDAO 🦞

02 Apr 2025 18:22

First Digital Labs = FDUSD, First Digital Trust = TUSD, seems like fake news, we have to wait n see

LobsterDAO 🦞

02 Apr 2025 18:21

fdusd is a different coin by a HK company

LobsterDAO 🦞

02 Apr 2025 18:21

which one is justin sun's stablecoin?

LobsterDAO 🦞

02 Apr 2025 18:13

justin sun said it's insolvent.

then he yi said it's not, so it's back up.

LobsterDAO 🦞

02 Apr 2025 18:11

What happened to this stablecoin now. It's depegging
https://coinmarketcap.com/currencies/first-digital-usd/

LobsterDAO 🦞

02 Apr 2025 17:27

admittedly, it was more like that before chokepoint 2.0, maybe it'll come back when/if regs get alleviated

LobsterDAO 🦞

02 Apr 2025 17:12

might be because of the first protocol research call going on rn: https://x.com/adietrichs/status/1907432842167988607