HumidiFi's WET token doubles in value on the first day after the sniper bot restart

Source: CryptoNewsNet Original Title: HumidiFi’s WET token doubles on debut after bot-sniped presale reset Original Link: HumidiFi is an anonymous pool DEX in the Solana ecosystem, and its WET token achieved early success after the presale was reset. The asset was launched following another round of presale on the Jupiter platform, but prior to that, a bot farm sniped a significant portion of the supply.

HumidiFi’s WET token shot up immediately after launch, despite some early sell-offs on decentralized markets. | Source: Coingecko

Recently, HumidiFi celebrated its launch, which was recognized by Jupiter’s founder. Despite the initial sniping incident, the project successfully sold its tokens.

Congratulations to HumidiFi on a successful launch!

As I mentioned in my previous tweets, the HumidiFi team is one of the most capable teams in the ecosystem, with strong technical and financial expertise across the entire trading infrastructure.

WET tokens were also added to Jupiter’s router, which triggered a wave of malicious links targeting trading activity for this high-profile asset.

WET Token Surges During Early Trading

WET tokens appreciated over 114% during early trading, entering an upward trend in the short term. The trading price of WET was $0.28, primarily depending on certain exchanges and their trading volumes.

The token also experienced speculative activity on some exchanges and futures markets, though futures trading is limited. Currently, the token has achieved significant trading liquidity, with a daily trading volume of $234 million. WET remains in the price discovery phase and may see some sell-offs from internal whales.

WET also gained multiple decentralized liquidity pools, enabling over 6,500 early holders to swap and trade. Some early whales have sold all their allocations, although withdrawals are still limited. Leading WET whales have realized gains of $67,900.

WET also shows multiple associated wallet clusters, although most of the supply was distributed to the broader community via token allocations. Nonetheless, WET has a total supply of 1 billion, with only 230 million in circulation, which could face dilution in the future.

WET Token Sniping Whales’ Public Identities

An X account has been identified as a WET sniping whale. User Ramar on X claims to be an early token sniping participant and confirms the wallet involved in the presale.

I consider myself WET token launch sniper #2

My pronouns are /exit /liquidity

Thanks to 😭 for tagging me in Orb scan, but I’d prefer to get my $wet allocation😭

The initial presale also prompted the HumidiFi team to launch a new WET smart contract, sparking discussions about potential refunds. The trader has contacted the team for negotiations, though the community has also called for no refunds. Shortly after the presale, the HumidiFi team confirmed that early bot buyers would receive refunds, and the team will not retain the USDC deposited.

On-chain analysis shows Ramar used only 100-120 wallets, but the entire presale witnessed thousands of bot requests, according to Bubblemaps data. Jupiter chose not to provide bot protections or caps for the public presale, despite the high probability of bot sniping. The lack of protections has also led some community members to call for refunds, as the token launch team is responsible for allowing bot purchases.