HumidiFi, Solana’s top decentralised exchange, has captured attention after a dramatic relaunch of its native token, WET, sending the WET price soaring over 160% in a single day.

The surge reflects renewed investor confidence following a bot-manipulated presale and comes amid broader market interest in Solana-based DeFi projects.

The original WET public sale faced significant disruption when a single entity exploited the presale, using over 1,000 wallets to claim the majority of tokens.

Some real dry shit happened today. Humidifi started 6 months ago from nothing, straight from the trenches of DeFi 1.0. In those 6 months, for SOL-USD, we started quoting tighter and doing more volume than Binance. We did not kiss any ass or bend the knee to anyone. We started

This manipulation threatened to undermine market confidence and left many early supporters frustrated.

In response, HumidiFi and its partner platform, Jupiter, announced a complete relaunch of the WET token, with the team implementing anti-bot mechanisms, including permissioned signing and enhanced front-end safeguards, to ensure fair distribution.

The relaunch proved highly successful. Genuine buyers contributed over 2 million USDC, and analysis showed that the majority of participants were legitimate retail investors.

This effort not only restored confidence but also emphasised HumidiFi’s commitment to equitable participation, highlighting a strong community-driven ethos.

WET’s rapid price appreciation was further supported by its strategic listings on major exchanges such as OKX, Coinone, and Bybit.

The Coinone listing, in particular, provided South Korean traders with direct fiat on-ramps, adding liquidity and visibility to the market.

Daily trading volumes spiked, reflecting intense speculative activity as investors rushed to acquire the token.

These listings effectively widened HumidiFi’s reach, enabling the protocol to tap into millions of potential new users while cementing its status as Solana’s largest DEX.

The surge coincides with broader momentum in Solana’s DeFi ecosystem, where daily transaction volumes have surged, reinforcing the perception of WET as a proxy for the blockchain’s growth.

Notably, investors are increasingly viewing HumidiFi as not only a trading platform but also as a bellwether for Solana-based DeFi activity.

Despite the rally, some analysts question the sustainability of HumidiFi’s ultra-low fee model, which operates at just 0.001%.

While low fees attract massive trading volumes, they leave the protocol vulnerable to operational inefficiencies.

Critics argue that even with nearly half of Solana’s DEX volume under its control, HumidiFi may struggle to achieve long-term profitability without additional funding, a challenge the WET token ICO is designed to address.

Supporters, however, cite 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.

With the relaunch showing successful community engagement and fair token allocation, the debate now centres on whether WET can sustain its gains once short-term trading momentum subsides.

The post HumidiFi relaunch sparks 160% surge in WET token appeared first on Invezz

83 +