DWF Labs managing partner Andrei Grachev took to X to declare that his firm has been heavily accumulating shitcoins, altcoins, Bitcoin and BNB over the past month. "Wait for the market rebound, you'll see activity like never before," he wrote, keeping up his signature bluster.
Last year, he had already announced the firm was scooping up various altcoins and mulling a strategic reserve — a move that stirred the crypto community.
DWF Labs Loads Up: $100M+ Deployed in 2026
The numbers back up the talk. In early 2026, DWF Labs launched a $75 million DeFi-dedicated fund targeting dark pool perpetual exchanges, decentralized money markets, and fixed-income protocols on Ethereum, BNB Chain, Solana, and Base. Grachev said "DeFi is entering an institutional phase" and the fund backs builders tackling liquidity, settlement, and on-chain risk management.
Another major bet: DWF Labs spent $25 million on governance tokens of Trump family crypto project World Liberty Financial (WLFI), and committed to providing liquidity for its stablecoin USD1. The firm also opened a New York office, marking its entry into the U.S. market. Between these two publicly disclosed moves alone, DWF Labs has deployed over $100 million in 2026.
'Most Evil Market Maker' Tag Still Sticks
DWF Labs' reputation remains mixed. Rivals GSR and Wintermute have publicly questioned its market-making capabilities, while on-chain sleuths have repeatedly accused the firm of pump-and-dump schemes on tokens like YGG and CYBER. Grachev's latest boast about hoarding shitcoins for a rebound drew polarized reactions: bulls see it as a contrarian signal, bears fear another round of manipulation hype.
Whether the hoarding pays off or proves to be a setup will only be clear when the market bounces — if it does.