Umair
DWF Labs managing partner says the firm is ready to step in to help crypto projects that suffered a ‘weird dump’ on Binance.
Andrei Grachev, managing partner at leading digital assets market maker DWF Labs, has said the firm is ready to help crypto projects impacted by the sudden market dump on Binance.
Multiple altcoins experienced a major price upheaval on April 1, 2025 on the crypto exchange Binance. These included a dump for Solana-based memecoin Act 1: The AI Prophecy, DeXe (DEXE) and Kava.
dForce, HIPPO, BANANAS31, LUMIA, and TST also dipped sharply, with these tokens recording losses of between 20% and 50% in bloodbath action within an hour on Binance.
DWF Labs’ Grachev has announced that the United Arab Emirates-based market maker and investment firm is ready to assist. In his post on X, the DWF Labs co-founder stated:
“If your project has been affected by this weird dump, reach out to us. We are ready to allocate funds for a buy back and strategize a recovery plan for your token.”
According to Grachev, DWF Labs is focused on market stability, and helping these projects is part of that commitment.
The dump saw the ACT token’s pair against Tether (USDT) drop more than 49% within 30 minutes while the DEXE/USDT pair fell more than 23%. Traders saw the DF/USDT also fell double digits, losing more than 16%.
Market observers quickly linked the dump to large sell orders. The rapid execution of these orders within a short period triggered the chaos, with spot trading volume skyrocketing. These actions were connected to Binance’s leverage positions for ACT and other perpetual contracts.
Act 1: The AI Prophecy, DeXe, and dForce remain some of the biggest losers in the past 24 hours, currently down 46%, 22%, and 20% respectively.
