On April 1, 2025, a sudden price drop hit several altcoins on Binance. DWF Labs' managing partner Andrei Grachev announced the firm's readiness to assist affected projects.
Sudden Drop on Binance
On April 1, 2025, a sudden price dip affected several altcoins on the Binance crypto exchange, including Act 1: The AI Prophecy, DeXe, and Kava. These tokens experienced significant price decreases, creating market unrest.
DWF Labs' Reaction
DWF Labs managing partner Andrei Grachev has expressed the firm's readiness to assist the crypto projects affected by the market drop. He emphasized their commitment to market stability and token value recovery plans. Quote: "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."
Price Drop Details
The ACT token's pair with Tether saw a drop of more than 49% within 30 minutes. The DEXE/USDT pair fell over 23%, while DF/USDT lost more than 16%. Market observers have linked the drop to large sell orders executed in a short period, leading to a surge in trading volumes.
The market continues to evaluate the impact of the drop, while DWF Labs takes steps to stabilize the situation and support the affected projects.
