FLUID experienced a 50% price surge following Wintermute's strategic move to repurchase tokens at a discount. The firm acquired $500,000 worth of FLUID at approximately $4 per token, significantly lower than the $10 per token price at which they were previously sold. This buyback is part of Wintermute's plan to repay a 700,000 FLUID loan due by mid-December. Currently, Wintermute holds around 370,000 FLUID on-chain and at least 350,000 on centralized exchanges, ensuring sufficient coverage for the loan repayment.