In a show of impressive strength, the WET token, the native token of the HumidiFi DEX, has skyrocketed by over 50% in just a few hours, grabbing the attention of the Solana ecosystem. This remarkable performance follows a successful relaunch of its public sale, overcoming a previous bot activity setback. Today, HumidiFi emerges not only as the top DEX on Solana by volume but also as a successful case study in crisis management.
Before even discussing the token, it’s crucial to understand the dominant position of its platform. HumidiFi has become the largest decentralized exchange (DEX) on Solana, with daily trading volume regularly exceeding one billion dollars.
The protocol alone captures approximately 35% of all spot trading activity on Solana, a figure that places it far ahead of competitors like Raydium or Orca. This dominance of the underlying infrastructure is the primary driver of investor confidence in the WET token.
The WET token launch journey hasn’t been smooth sailing. The first public sale attempt was canceled due to a bot attack, a common problem that could have undermined confidence in the project. However, the team, in collaboration with Jupiter launch platform, reacted swiftly.
The sale was relaunched on December 8 with reinforced anti-bot measures, ensuring fairer distribution and restoring market confidence. This successful relaunch, followed by listing on over 7 major exchanges (including Binance, Bybit, and OKX) in less than 48 hours, created an explosive cocktail for the token price.
The numbers speak for themselves. Early investors who participated in the relaunched sale at $0.069 saw their investment multiply by more than 3.5x in just a few days. The token reached a market cap of over $50 million in less than 48 hours.
The real opportunity lies in comparison with other DEX tokens: while HumidiFi has the largest trading volume, its WET token still has a market cap well below that of its competitors like Raydium (RAY). If HumidiFi maintains its leading position, a valuation catch-up seems not only possible, but probable.
Despite the enthusiasm, caution is warranted. Such rapid price increases are often followed by corrections. For new investors, it would be wise to wait for a price pullback to find a more stable entry point, rather than giving in to FOMO. For those already in position, taking partial profits to secure gains is a prudent strategy.
Several Order Blocks in lower timeframes indicate accumulation rather than selling pressure. The price could therefore continue its upward trajectory and offer attractive gains. A stop loss below the order block at $0.224 allows for optimal positioning in case of a WET rally beginning.
Nevertheless, the successful relaunch of WET and HumidiFi’s dominance on Solana are extremely positive fundamental signals. WET isn’t just another token; it’s the asset representing the success of the largest DEX on one of the most active blockchains of the moment. This is a project to watch very closely in the coming months.
Buy your WET tokens now on ByBit and earn $65 bonus for a $100 deposit in just a few clicks. Here’s how:
On the same topic:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
