DWF Labs co-founder Andrei Grachev responded to recent market speculation about DEXE trading, saying the transactions can be verified through centralized exchange records. According to ChainCatcher, he outlined a trading history that included heavy DEXE purchases in 2024, partial profit-taking in 2025, another large buy around October 10, hedging gains in the first half of 2026, forced short-covering after funding rates turned negative, and selling part of the DEXE spot position to raise cash reserves.

Grachev said all buy and sell activity was conducted on centralized exchanges, where the platforms hold the relevant account information. He also criticized some paid KOLs for spreading what he called misleading information.