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.

Several altcoins suffered a significant price drop on Binance on April 1. Among the tokens that experienced a major downturn were Act 1: The AI Prophecy, DeXe (DEXE), and Kava.

These tokens saw their prices decline sharply within an hour on the cryptocurrency exchange.

Additionally, dForce, HIPPO, BANANAS31, LUMIA, and TST also dipped sharply.

The market downturn comes amid a broader crypto market pullback, with Bitcoin (BTC) and Ether (ETH) also trading lower on the day.

However, Andrei Grachev, managing partner at DWF Labs, has said the firm is ready to help crypto projects that suffered a ‘weird dump’ on Binance.

Several altcoins experienced a major price upheaval on April 1. Among the tokens that experienced a major downturn were Act 1: The AI Prophecy, DeXe (DEXE), and Kava.

These tokens saw their prices decline sharply within an hour on the crypto exchange.

Additionally, dForce, HIPPO, BANANAS31, LUMIA, and TST dipped sharply. These tokens recorded losses of between 20% and 50% in bloodbath action.

According to reports, the market downturn comes amid a broader crypto market pullback, with Bitcoin (BTC) and Ether (ETH) also trading lower on the day.

However, Andrei Grachev, managing partner at leading digital assets market maker DWF Labs, has said the firm is ready to help.

Grachev took to X to announce that the United Arab Emirates-based market maker and investment firm is ready to assist any crypto project that may have been affected by the "weird dump."

"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. @DWFLabs and our cash are here for help 🙏 We need to get God Green Candles back LFG!"

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.