HumidiFi (WET) token had a successful TGE on December 9, despite previous issues regarding the token's public sale. On December 10, WET hit an ATH above $0.33 and a market cap of over $77 million.
HumidiFi is a DEX on Solana that operates as a prop AMM, combining onchain execution with institutional-grade market-making logic.
As of December 10, HumidiFi has almost $923 million in 24-hour trading volume and over $7,7 billion in 7-day volume, ranking 4th in the top DEXs by volume, surpassing Pump, Aerodrome, and other DEXs, according to data from DeFi Llama.
WET's December 9 TGE
HumidiFi's utility token WET, successfully launched on December 9 on exchanges including Titan, Jupiter, Binance and other platforms. At the moment of writing this article, WET is trading above $0.29 with a market cap of over $67 million, after hitting its ATH above $0.33 earlier.
WET is up by more than 74% in the past 24 hours, with a trading volume of over $301 million.
WET's total supply is 1 billion tokens and the digital asset has a circulating supply of 230 million tokens.
The team behind HumidiFi shared a post from Jupiter DEX celebrating WET's performance on the exchange, despite the recent issues with the token's public sale.
WET Public Sale Delay and Results
Initially, the WET public sale relaunch was scheduled for December 8 at 10 am EST, and, despite an unexpected 40-minute delay, the public sale launched successfully on Jupiter, and users were advised to use the auto-confirm function on the DEX's wallet extension for the best chance of getting into the sale.
On December 8, Jupiter congratulated HumidiFi for the WET token public sale, which saw over 60,000 participants during the event, with the vast majority being real users. Only 5% were from potentially suspicious addresses, as pointed out by Bubblemaps.
Jupiter reported that each of the users who managed to purchase WET, totalling over 4,000 buyers, had to go through the DTF application's front-end. Jupiter's DTF platform is used for public token sales, and promises fair launch distributions and anti-bot filtering.
Based on the DEX's initial wallet-age analysis, Jupiter said that it's confident that legit users won.
Temporal crypto research and development firm and Meteora liquidity pool builder also collaborated with the HumidiFi team for the WET token sale, developing the multi-layered anti-bot tech solution.
The team at Jupiter also apologized for the public sale delay from 10 am to 10:40 am, pointing out the heavy traffic that slowed down the deployment of the anti-bot package.
The sale raised $2.1 million from over 4,000 buyers at 0.069 USDC/WET token.
