Key Highlights
- HumidiFi has relaunched the WET public sale using a new smart contract, with a fresh supply capped at $500 per wallet.
- The new sale aims to give real buyers a fair chance after the first presale was hijacked by a bot farm.
- In the previous sale, bots sniped almost all tokens within seconds, even though it raised $1.39M and briefly pushed the price to $0.25 before falling drastically.
HumidiFi, the Solana-based automated market maker, has relaunched the public sale for its WET token after a previous presale was disrupted by bots.
According to an announcement from Jupiter, the new sale offers 30 million tokens at $0.069 USDC each, with a maximum of $500 per wallet. The sale was from December 8, 11 a.m. to 11 p.m. EST.
The tokens will be available to claim, and the liquidity pool will go live on December 9 at 9 a.m. EST. The sale works on a first-come, first-served rule, which means those who act fast get the tokens first. This new sale uses a fresh smart contract to ensure a fairer distribution for genuine participants.
HumidiFi is one of the fastest-growing DEXs on Solana. It uses dark liquidity pools, which hide trades to prevent other people from front-running or stealing trades. According to DeFiLlama, the platform handled $1.21 billion in 24-hour volume, $7.7 billion over seven days, and $27 billion in 30 days.
Bots took over first sale
The initial public sale happened last week, but ran into serious problems when a bot farm bought almost all tokens in seconds and left regular buyers out. At the time, HumidiFi confirmed on X that “For the public sale, a bot farm sniped the entire supply instantly and weterans were not able to participate.”
Onchain analytics company Bubblemaps later reported that most of the purchases came from one main person controlling over 1,100 wallets. The wallets were funded with the same amount and bought tokens at the same time, which means that someone planned the attack carefully to grab almost all tokens.
The first sale raised $1.39 million in USDC, which gave the project a total value of $69 million. The token price briefly went up to $0.25 before dropping to $0.15 after the bot attack was revealed.
The relaunch of WET
Following the bot attack, HumidiFi decided to cancel the first presale and create a new sale. They announced to give a pro-rata airdrop of the new tokens to previous buyers who were real users, while the bots get nothing.
The new public sale gives a fresh start for $WET buyers. The community hopes this time the sale will run smoothly, and tokens can be claimed fairly on December 9.
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