标题：Wintermute Dumps Act，Kava和DF令牌，导致价格下降了近50％

4月1日，加密货币社区被措手不及，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，加密货币社区因一系列Altcoins而措手不及，包括ACT，Kava，DF等，跌幅近50％。这引发了人们对“大众垃圾场”的广泛猜测，许多人认为做市商Wintermute卖掉了其整个股份，引发了急剧下降和引发恐慌。

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

但是，首席执行官Evgeny Gaevoy立即做出回应，坚定地否认了这些指控并将其视为毫无根据的谣言。

A tough year for Wintermute

冬季艰难的一年

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.

今年早些时候，随着许多山寨币的新历史低点（ATL），温特穆特再次因涉嫌引发一些强大的市场运动而受到审查。

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.

根据Arkham的数据，在1月27日至28日之间，Wintermute从Binance获得了超过1亿美元，这一数字足以在此期间摇晃市场。

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首席执行官Evgeny Gaevoy澄清说，Binance和Wintermute之间的所有交易仅用于营销和流动性提供目的。

What Wintermute does thread

Wintermute有什么线程

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…

最近几天，它在Twitter上非常“有趣”，一些帐户在市场结构的理解方面达到了新的低点。过去，我已经写了几次有关我们的工作以及我们如何喜欢做事的文章，但也许​​这是一个好时机……

— wishful cynic (@EvgenyGaevoy) February 3, 2025

- 一厢情愿的愤世嫉俗（@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.

随着市场开始稳定，温特莫特再次成为替罪羊，发生了一次重大撞车事故，其中涉及二十个代币。

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.

根据Arkham的数据，Wintermute从几次AMM中撤出了流动性，触发了代币的价格下降了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也受到影响，一些发布损失接近40％。

Multiple altcoins crashed. Source: X

多个Altcoins崩溃了。来源：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，首席执行官Evgeny Gaevoy再次否认了地毯拉或大规模倾销的任何指控，澄清了温特穆特的行动纯粹与套利交易有关。

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

Gaevoy说：“我们只是在进行AMM套利。老实说，我们也想知道市场上发生了什么。”

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

为了应对强烈反对，据报道，温特穆特开始购买退回法案和几个受影响的令牌。

Binance: As the new market villain

Binance：作为新的市场反派

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.

当他们试图将导致4月1日主要山寨币坠毁的事件拼凑在一起时，加密社区被抓挠。

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

思想发生了：如果温特穆特无意倾倒令牌，那么谁真正落后于坠机事故？

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.

有些人开始推测，二手体可能“间接”触发了几个山寨币的急剧下降。 4月1日，GMT下午2点（GMT），该交易所宣布了某些令牌的杠杆和利润要求更改。对于开放位置，Binance会自动应用新条款。

There Will be More BNB Chain Token Listed on Binance

将有更多BNB链令牌列出的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.

此举导致了强迫清算的浪潮，将许多交易者推向红色，并使山寨币价格自由地将其发送到自由落体。影响不仅限于衍生品市场。抛售迅速蔓延到现货市场，促成了更广泛的市场衰退。

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?

变革的突然性引发了整个社区的关注。许多人认为，二强行动太突然了，使交易者几乎没有时间进行调整。现在有人想知道：类似事件可以再次展开吗？

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.

作为回应，Binance联合创始人YI表示，该团队正在收集证据，并将很快发表官方解释。她还暗示，加密货币空间中的某些著名人物可能会通过传播负面叙述来故意损害binance的声誉。

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.

尽管如此，问题仍然尚未解决。许多投资者认为，Binance最近的行动对市场产​​生了不成比例的负面影响，与前一天相比，职位更糟。