DWF Labs Partner: No wash trading, just maximizing profits through legally available solutions

2023-04-14 11:37:28

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ChainCatcher news, DWF Labs Managing Partner Andrei Grachev responded again on social media to questions about token sell-offs and wash trading. In response to the concerns from Floki holders regarding token sell-offs, Andrei Grachev stated that DWF purchased a total of 81 billion tokens and will send all of them to exchanges, but to prove there is no sell-off, they have already sent 57 billion Floki to on-chain wallets.

Andrei Grachev mentioned that it is the most foolish choice for market makers to keep tokens in wallets, as their primary job is to create markets, provide depth, and improve order execution, rather than doing nothing. The reason for transferring tokens to exchanges is that market makers must be prepared for emergencies and extreme liquidity situations, having available inventory to achieve 24/7 liquidity purposes.

Additionally, market makers and VCs should utilize all legitimate and available solutions to bring maximum value to their portfolio projects and profitability. This does not constitute wash trading. (source link)

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