標題：Wintermute Dumps Act，Kava和DF令牌，導致價格下降了近50％

4月1日，加密貨幣社區被措手不及，包括一系列AltCoins，包括ACT，Kava，DF…下降了近50％。

On April 1, the crypto community was caught off guard as a series of altcoins, including ACT, KAVA, DF, and more, plummeted by nearly 50%. This sparked widespread speculation about a "mass dump," with many believing that market maker Wintermute had sold its entire holdings, triggering the sharp declines and sparking panic.

4月1日，加密貨幣社區因一系列Altcoins而措手不及，包括ACT，Kava，DF等，跌幅近50％。這引發了人們對“大眾垃圾場”的廣泛猜測，許多人認為做市商Wintermute賣掉了其整個股份，引發了急劇下降和引發恐慌。

However, CEO Evgeny Gaevoy promptly responded, firmly denying the allegations and dismissing them as unfounded rumors.

但是，首席執行官Evgeny Gaevoy立即做出回應，堅定地否認了這些指控並將其視為毫無根據的謠言。

A tough year for Wintermute

冬季艱難的一年

Earlier this year, as many altcoins hit new all-time lows (ATLs), Wintermute again came under scrutiny for allegedly triggering some of the strong market movements.

今年早些時候，隨著許多山寨幣的新歷史低點（ATL），溫特穆特再次因涉嫌引發一些強大的市場運動而受到審查。

According to data from Arkham, between January 27 and 28, Wintermute received over $100 million from Binance, a sum significant enough to shake the market during that period.

根據Arkham的數據，在1月27日至28日之間，Wintermute從Binance獲得了超過1億美元，這一數字足以在此期間搖晃市場。

However, Evgeny Gaevoy, CEO of Wintermute, clarified that all transactions between Binance and Wintermute were solely for market-making and liquidity provision purposes.

但是，Wintermute首席執行官Evgeny Gaevoy澄清說，Binance和Wintermute之間的所有交易僅用於營銷和流動性提供目的。

What Wintermute does thread

Wintermute有什麼線程

It’s been exceptionally “fun” on twitter last few days with some accounts hitting new lows in terms of market structure understanding. I’ve written a few times in the past about what we do and how we prefer to do things, but maybe it’s a good time for…

最近幾天，它在Twitter上非常“有趣”，一些帳戶在市場結構的理解方面達到了新的低點。過去，我已經寫了幾次有關我們的工作以及我們如何喜歡做事的文章，但也許​​這是一個好時機……

— wishful cynic (@EvgenyGaevoy) February 3, 2025

- 一廂情願的憤世嫉俗（@evgenygaevoy）2025年2月3日

As the market began to stabilize, Wintermute was once again the scapegoat for a major crash involving nine tokens listed on Binance.

隨著市場開始穩定，溫特莫特再次成為替罪羊，發生了一次重大撞車事故，其中涉及二十個代幣。

According to data from Arkham, Wintermute withdrew liquidity from several AMMs, triggering price drops of more than 60% for tokens including ACT, DEXE, KAVA, DF, HIPPO, BANANAS31, LUMIA, TST, and QUICK.

根據Arkham的數據，Wintermute從幾次AMM中撤出了流動性，觸發了代幣的價格下降了60％以上，包括ACT，Dexe，Kava，DF，Hippo，Hippo，Bananas31，Lumia，TST​​和Quick。

Other altcoins were also affected, with some posting losses nearing 40%.

其他AltCoins也受到影響，一些發布損失接近40％。

Multiple altcoins crashed. Source: X

多個Altcoins崩潰了。來源：X

However, CEO Evgeny Gaevoy again denied any accusations of rug pulls or mass dumping, clarifying that Wintermute’s actions were purely related to arbitrage trading.

但是，首席執行官Evgeny Gaevoy再次否認了地毯拉或大規模傾銷的任何指控，澄清了溫特穆特的行動純粹與套利交易有關。

“We’re simply engaging in AMM arbitrage. Honestly, we’re also wondering what’s going on in the market,” Gaevoy said.

Gaevoy說：“我們只是在進行AMM套利。老實說，我們也想知道市場上發生了什麼。”

In response to the backlash, Wintermute reportedly began buying back ACT and several of the affected tokens.

為了應對強烈反對，據報導，溫特穆特開始購買退回法案和幾個受影響的令牌。

Binance: As the new market villain

Binance：作為新的市場反派

The crypto community was left scratching their heads as they tried to piece together the events that led to the crash in several major altcoins on April 1.

當他們試圖將導致4月1日主要山寨幣墜毀的事件拼湊在一起時，加密社區被抓撓。

The thinking went: If Wintermute had no intention of dumping tokens, then who was truly behind the crash?

思想發生了：如果溫特穆特無意傾倒令牌，那麼誰真正落後於墜機事故？

Some began to speculate that Binance may have “indirectly” triggered the steep decline in several altcoins. At 2 PM (GMT) on April 1, the exchange announced changes to leverage and margin requirements for certain tokens. For open positions, Binance automatically applied the new terms.

有些人開始推測，二手體可能“間接”觸發了幾個山寨幣的急劇下降。 4月1日，GMT下午2點（GMT），該交易所宣布了某些令牌的槓桿和利潤要求更改。對於開放位置，Binance會自動應用新條款。

There Will be More BNB Chain Token Listed on Binance

將有更多BNB鏈令牌列出的binance

The move led to a wave of forced liquidations, pushing many traders into the red and sending altcoin prices into freefall. The impact wasn’t limited to derivatives markets; the sell-off quickly spilled over to spot markets, contributing to a broader market downturn.

此舉導致了強迫清算的浪潮，將許多交易者推向紅色，並使山寨幣價格自由地將其發送到自由落體。影響不僅限於衍生品市場。拋售迅速蔓延到現貨市場，促成了更廣泛的市場衰退。

The suddenness of the change sparked concern across the community. Many argued that Binance’s actions were too abrupt, leaving traders with little time to adjust. Some now wonder: could similar events unfold again?

變革的突然性引發了整個社區的關注。許多人認為，二強行動太突然了，使交易者幾乎沒有時間進行調整。現在有人想知道：類似事件可以再次展開嗎？

In response, Binance co-founder Yi He stated that the team is gathering evidence and will issue an official explanation soon. She also hinted that certain well-known figures in the crypto space may be intentionally damaging Binance’s reputation by spreading negative narratives.

作為回應，Binance聯合創始人YI表示，該團隊正在收集證據，並將很快發表官方解釋。她還暗示，加密貨幣空間中的某些著名人物可能會通過傳播負面敘述來故意損害binance的聲譽。

Still, the issue remains unresolved. Many investors argue that Binance’s recent actions have had a disproportionately negative impact on the market, leaving positions worse off than just a day prior.

儘管如此，問題仍然尚未解決。許多投資者認為，Binance最近的行動對市場產​​生了不成比例的負面影響，與前一天相比，職位更糟。