Andrei Grachev: The DEXE transaction was due to margin rate turning negative, resulting in liquidation and hedging, as well as an increase in cash reserves
2026-08-04 21:39:34
According to CoinMeta, co-founder DWF Labs in conjunction with Andrei Grachev responded to speculation in the DEXE trading market, stating that relevant transactions can be verified through records on centralized exchanges. DWF Labs purchased DEXE in 2024 and sold it for a profit in 2025. Around October 10th, they bought DEXE and hedged their profits in the first half of 2026. When the funding rate turned negative, DWF Labs closed their short positions and increased their cash reserves by selling some DEXE futures. Grachev stated that all buying and selling operations were completed through centralized exchanges and criticized some paid KOL for spreading misleading information.
Bullish 0
Bearish 0Share to 
Source：Internet
This content is for market information only and does not constitute investment advice.
Follow HKWDB official accounts to stay updated
Hot Articles
Refresh
Web3: Circle obtains New York trust license, expanding USDC custody business.
07-31 22:04
Tesla reportedly plans to divest its China business to pave the way for integration with SpaceX.
07-31 21:54
web3: Foreign media: RWA perpetual contracts may expand faster than tokenization
07-31 21:24
Web3: Foreign media: Analysts say the real catalyst for XRP is not the Clarity Act.
07-31 20:55
Foreign media: Trump's children's accounts are unlikely to replace comprehensive family financial planning
07-31 20:24