Wintermute Founder Addresses Meme Coin Market Volatility

According to PANews, Wintermute founder Evgeny Gaevoy responded on the X platform regarding the recent sharp decline in meme coins such as ACT. Gaevoy clarified that the company did not lead the operations causing the price drop but engaged in arbitrage in the AMM liquidity pools following the significant price fluctuations. He emphasized that Wintermute is not responsible for the market volatility and is currently monitoring the situation's developments.