HumidiFi (WET) has emerged as the top daily gainer in the cryptocurrency market today, rising over 100% in the past 24 hours.
The surge in Solana-based tokens coincides with its latest market debut, which has garnered significant interest from the cryptocurrency community.
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Why is the price of HumidiFi (WET) token soaring?
According to data from BeInCrypto Markets, the value of WET has increased by 104.5% in the past 24 hours. At the time of this writing, the altcoin was trading at $0.25.
WET’s market capitalization also exceeded $50 million. Additionally, trading activity remains strong, with daily trading volume exceeding $150 million.
The rise of this token caused a notable buzz in the community and earned it the top spot on CoinGecko’s trending list. Sentiment data shows that 80% of traders are bullish and 20% are bearish.
But what exactly is HumidiFi and what’s causing all this hype? Humidifiers It operates as a proprietary automated market maker (prop AMM) on top of Solana.
According to Lightpaper, HumidiFi is Solana’s largest decentralized exchange, processing more than $1 billion in trading volume per day, Over 35% of Solana’s spot DEX activity. Additionally, the protocol is integrated with Jupiter, DFlow, Titan, and OKX Router, acting as a key liquidity layer within the network.
WET is the platform’s native token. This is the first token to be launched via Jupiter’s decentralized token formation (DTF) platform. The general sales phase began last week.
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However, the launch was canceled. On December 5th, blockchain analysis firm Bubble Maps revealed that a single entity, Ramarxyz, used over 1,000 wallets to claim 70% of the presale. humidifier And Jupiter immediately acknowledged what had happened.
“They set up thousands of wallets, each containing 1000 USDC.In each wallet, an instruction was created that triggered the deposit of funds into the DTF smart contract. It’s like a button that says put in USDC. Then, for each bundle sent (a lot of bundles were sent), 4 transactions were executed, for a total of 6 instructions each, “24,000 USDC or ~350,000 WET per bundle.” humidifier He explained.
In response, the team announced a complete reboot with new tokens. This move demonstrated a clear commitment to a community-driven process for fair access and opportunistic trading.
“As the currently deployed WET tokens are in the completed presale vault and cannot be acquired, new tokens will be minted to facilitate the resumption of public sales. The current WET tokens (WETcX1wAahwVbuJ9HihE8Uwf3dwmJBojGphAZPSVpJP) have been deactivated and are not official HumidiFi tokens,” Jupiter added.
Successful restart with anti-bot mechanism
The resumption of general sales begins on December 8th at 10am EST, with the addition of anti-sniping features. This includes permissioned signing through the DTF frontend and Cloudflare, increased compute units per deposit, and a mechanism to disable reversal protection.
These strategies worked. The sale raised 2.07 million USDC from genuine buyers and attracted 60,000 visitors to the DTF platform. HumidiFi’s analysis shows that 20% of depositors donate less than the $500 maximum limit, indicating that real users are participating rather than automated scripts.
“Each of the 4,000+ users who successfully purchased WET had to go through the front end of the DTF application. Based on our initial wallet age analysis, we are confident that the legitimate users at Battle Station (fast updates and quick fingers) won today, with only about 5% of users coming from potentially suspicious addresses,” Jupiter posted.
The successful reboot restored community confidence after the initial pre-sale operations. Furthermore, WET token has secured listing on major exchanges such as Coinbase, OKX, Bybit, and Gate. These listings significantly increase visibility, increase liquidity, and open the door to a broader investor base.
These developments have therefore accelerated WET’s meteoric rise and solidified its position as one of the market’s outstanding performers today.
