How A Token Sale Gone Wrong Turned Into a 100% Rally For HumidiFi (WET)
HumidiFi (WET) surged over 100% after successfully relaunching its token sale with anti-bot measures following initial manipulation.Summary
The Solana-based token HumidiFi (WET) experienced a massive 104.5% rally, trading at $0.25 with a market cap over $50 million, becoming the top daily crypto gainer.
The surge followed a disastrous initial public sale where a single entity, "Ramarxyz," used over 1,000 wallets to claim 70% of the presale tokens. In response, HumidiFi and Jupiter swiftly announced the original WET token was voided and a complete relaunch with a new token would occur.
The relaunch, featuring anti-sniping features like permissioned signing and increased compute units, successfully raised 2.07 million USDC from genuine buyers. This successful remediation restored community confidence, leading to the token securing listings on major exchanges like Coinbase, OKX, Bybit, and Gate, fueling its subsequent 100% rally.
(Source：BeInCrypto)