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TechFlow news, April 1 — Evgeny Gaevoy, founder and CEO of Wintermute, responded to the recent sharp decline in meme tokens such as ACT.
Gaevoy clearly stated that Wintermute had no involvement in the price drop, adding that they are also trying to understand the cause. He explained that Wintermute only conducted arbitrage operations on automated market maker (AMM) pools after significant price movements had already occurred.
On April 1, Evgeny Gaevoy, founder and CEO of Wintermute, responded to the recent sharp decline of meme tokens such as ACT. Gaevoy clearly stated that Wintermute was not involved in the crash and said they were also trying to understand the cause of the event. He explained that Wintermute only performed arbitrage operations on automated market maker (AMM) pools after significant price movements had already occurred.
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