Every time large amounts of $FDUSD are deposited into farming pools on exchanges, the markets seem to experience minor corrections. Over the past 10 hours, 137.7M $FDUSD has been transferred to Binance, with 103.95M from Wintermute and 32.2M from Ceffu (Binance Custody). This influx is likely meant for farming, not trading.
There does seem to be a pattern where markets adjust slightly following large $FDUSD mints and launch pool deposits. One theory is that market makers may be mixing $FDUSD flows with farming funds, making on-chain tracking of deposits more difficult. The bigger the minting amount, the larger the correction tends to be, similar to launch pools.
It's an interesting observation worth considering - major $FDUSD deposits to exchanges could be a minor contributing factor to market adjustments. Of course, correlation doesn't always equal causation, so it's hard to say definitively. In any case, today's market movement may have already priced this pattern in. The relationships between on-chain activity and prices remain complex with many variables at play.
