DWF Labs Offers Support to Crypto Projects Hit by Binance Dump
andrei Grachev, the managing partner at DWF Labs, has announced the firmās readiness to assist crypto projects affected by a sudden market dump on Binance. On April 1, 2025, several altcoins, including Act 1: The AI Prophecy, DeXe, and Kava, experienced important price drops.
These tokens, along with others like dForce, HIPPO, and BANANAS31, saw losses ranging from 20% to 50% within an hour. The United Arab emirates-based market maker is stepping in to help. Grachev stated on X that DWF Labs is prepared to allocate funds for buybacks and develop recovery strategies. He emphasized their commitment to market stability.
Grachev invited impacted projects to reach out for assistance. āWe are here to help,ā he said. The ACT token, for instance, fell over 49% against Tether (USDT) within 30 minutes.the DEXE/USDT pair also dropped more than 23%. The chaos was linked to large sell orders executed rapidly, causing spot trading volume to spike. The dump was tied to Binanceās leverage positions for ACT and other perpetual contracts.
Market observers noted that the rapid execution of large sell orders triggered the chaos. The ACT tokenās value against USDT plummeted by 49%, while DEXE/USDT fell by 23%.
Grachev explained, āIf your project was hit by this unusual dump, contact us. Weāre ready to allocate funds and strategize recovery plans. Our goal is to restore market stability,ā he added.
Act 1: The AI Prophecy, DeXe, and dForce were among the biggest losers, down 46%, 22%, and 20%, respectively. DWF Labs aims to bring back āGod Green Candles,ā a term for positive price movements.
- ACT token dropped 49% against USDT.
- DEXE/USDT fell over 23%.
- dForce saw a double-digit loss, more than 16%.
Grachevās offer highlights DWF Labsā dedication to supporting the crypto ecosystem during turbulent times. For more details,visit DWF Labs.