A Flash Sale Hijacked by Bots
The launch on Jupiter’s Decentralized Token Formation (DTF) platform was supposed to be a celebration for the Solana ecosystem. The result? A brutal display of force by on-chain snipers. The public phase raised over $2 million in a fraction of a second, bringing the total raised to $5.57 million. However, transaction analysis reveals that an overwhelming majority of the allocation was captured by automated scripts, leaving human users on the sidelines with USDC in hand.
This immediate saturation sparked a wave of frustration on X, forcing the HumidiFi and Jupiter teams to respond. While the TGE is still happening, discussions are underway to potentially integrate an overflow model or adjustments to ensure a more equitable distribution in upcoming phases. For now, the secondary market appears to be the only entry point for the majority of investors.
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HumidiFi: Why This Solana Dark Pool Is Attracting So Much Liquidity
If the hype around the HumidiFi (WET) launch event is so intense, it’s because the project is built on solid technical fundamentals, far removed from the usual speculative memecoins. HumidiFi positions itself as a Dark Pool DEX, offering institutional-grade execution directly on-chain.
Already capturing a significant share of spot volume on Solana. The protocol promises to eliminate the front-running and toxic MEV (Maximal Extractable Value) that often plagues traders. The $WET token is more than just a governance asset. It’s the fuel for this liquidity engine, offering yields via staking and trading fee discounts. It’s this real utility (Real Yield) that is pushing pre-market valuations well beyond the ICO price.
Strategies for the December 9th TGE
The market expects extreme volatility when trading opens on December 9th at 2:00 PM UTC. Here are the scenarios analysts are watching closely:
- The valuation gap: The token was sold during the public phase based on an FDV (Fully Diluted Valuation) of $69 million. However, on over-the-counter (OTC) markets like Whales Market, the implied valuation is already flirting with $200 million. This suggests potential for a strong opening surge (3x or more), but beware the risk of an initial dump from bots looking to secure quick profits.
- Buy the Dip opportunity: If bots massively liquidate their positions in the first few minutes (dump), it could create an interesting entry point for long-term investors, provided the FDV remains consistent with the project’s fundamentals (ideally under $150 million).
- Staking as a safe haven: For those who manage to acquire WET, the dominant strategy appears to be Hodl & Stake. With an initially very low circulating supply (approximately 11.4%), selling pressure could be absorbed by staking demand to capture trading rebates.
The HumidiFi launch marks a turning point for Solana infrastructure maturity. While the bot fiasco during the public sale is a short-term obstacle, it paradoxically validates the immense demand for this type of product. Investors should approach December 9th with caution: don’t chase vertical green candles (FOMO) and monitor liquidity on Jupiter and Raydium.
In a crypto market searching for real yield, $WET could well be one of the major assets of this year’s end, provided it survives the volatility of the first hours after its TGE launch on December 9th.
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