The native token of Solana's top decentralized exchange, HumidiFi, has experienced a dramatic price surge following a successful relaunch and strategic exchange listings. The WET token's price skyrocketed over 160% in a single day, reflecting renewed investor confidence after a bot-manipulated presale threatened the project's credibility.
The relaunch was a direct response to a disruptive presale event where a single entity exploited the system using over 1,000 wallets to claim the majority of tokens. This manipulation left many early supporters frustrated and undermined market confidence. In collaboration with its partner platform Jupiter, HumidiFi announced a complete token relaunch, implementing anti-bot mechanisms including permissioned signing and enhanced front-end safeguards to ensure fair distribution.
The effort proved highly successful, with genuine buyers contributing over 2 million USDC, and analysis showing the majority of participants were legitimate retail investors. This restored confidence and emphasized HumidiFi's commitment to equitable participation.
Exchange listings further fueled the token's momentum. WET gained strategic listings on major exchanges including OKX, Bybit, and notably, South Korea's Coinone. The Coinone listing, scheduled to go live at 2:00 a.m. UTC on December 11, provides South Korean traders with direct fiat on-ramps via a WET/KRW trading pair, significantly adding liquidity and visibility. Daily trading volumes spiked as investors rushed to acquire the token.
The surge coincides with broader momentum in Solana's DeFi ecosystem, where daily transaction volumes have been increasing. Investors are increasingly viewing HumidiFi as a bellwether for Solana-based DeFi activity.
Despite the rally, questions remain about long-term sustainability. Some analysts question HumidiFi's ultra-low fee model of just 0.001%, which attracts massive trading volumes but may leave the protocol vulnerable to operational inefficiencies. Critics argue that even with nearly half of Solana's DEX volume, HumidiFi may struggle to achieve long-term profitability without additional funding—a challenge the WET token ICO is designed to address.
Supporters point to the strong technical team, deep integration with Solana projects like Jupiter, DFlow, and Titan, and the low initial token float as factors that could justify future valuation growth. The debate now centers on whether WET can sustain its gains once short-term trading momentum subsides.
