The post Jupiter Identifies Token Sniping, Restarts WET Public Sale appeared on BitcoinEthereumNews.com. Key Points: Jupiter voids WET sale, refunds participants over botting issues. WET public sale restarts December 8, 2023. Bubblemaps identifies snipe attempt by “Ramarxyz.” Jupiter’s WET public sale will relaunch on December 8 at 11 PM (UTC+8), following a voided initial sale, with all prior participants refunded and allocations preserved. The relaunch addresses fair distribution, after analytics revealed over 70% token acquisition by a single entity, “Ramarxyz,” prompting new anti-bot measures to ensure equitable access. Bot Detection Halts WET Token Sale Jupiter discovered a bot-related issue, resulting in the voiding of the initial WET token sale. According to their X account, the responsible party, identified by Bubblemaps as “Ramarxyz,” used over 1,000 wallets to purchase 70% of presale tokens. All participants in the December 4 sale will receive refunds in USDC, and a new public sale will be conducted. The new WET tokens will replace the old ones, ensuring the integrity of the relaunch. “We have identified the WET token sniper ‘Ramarxyz’ who used over 1000 wallets to purchase 70% of the HumidiFi presale tokens and then demanded refunds.” The revelation of bot activity prompted swift action from Jupiter, with additional anti-bot measures slated for the new sale. No regulatory actions have been announced, highlighting a community-driven response. WET Sale Relaunch Scheduled for December 8 Did you know? Similar instances of botting have occurred in DeFi launches, but few have resulted in full refunds, showcasing Jupiter’s commitment to transparency and fairness. WeShow Token (WET) has shown price fluctuations with a 24-hour change of 1.62% and a 90-day decline of 4.36%, according to CoinMarketCap. The current market cap and trading volume are reported as zero, reflecting its non-circulating status. WeShow Token(WET), daily chart, screenshot on CoinMarketCap at 09:59 UTC on October 11, 2021. Source: CoinMarketCap Insights from Coincu suggest that Jupiter’s… The post Jupiter Identifies Token Sniping, Restarts WET Public Sale appeared on BitcoinEthereumNews.com. Key Points: Jupiter voids WET sale, refunds participants over botting issues. WET public sale restarts December 8, 2023. Bubblemaps identifies snipe attempt by “Ramarxyz.” Jupiter’s WET public sale will relaunch on December 8 at 11 PM (UTC+8), following a voided initial sale, with all prior participants refunded and allocations preserved. The relaunch addresses fair distribution, after analytics revealed over 70% token acquisition by a single entity, “Ramarxyz,” prompting new anti-bot measures to ensure equitable access. Bot Detection Halts WET Token Sale Jupiter discovered a bot-related issue, resulting in the voiding of the initial WET token sale. According to their X account, the responsible party, identified by Bubblemaps as “Ramarxyz,” used over 1,000 wallets to purchase 70% of presale tokens. All participants in the December 4 sale will receive refunds in USDC, and a new public sale will be conducted. The new WET tokens will replace the old ones, ensuring the integrity of the relaunch. “We have identified the WET token sniper ‘Ramarxyz’ who used over 1000 wallets to purchase 70% of the HumidiFi presale tokens and then demanded refunds.” The revelation of bot activity prompted swift action from Jupiter, with additional anti-bot measures slated for the new sale. No regulatory actions have been announced, highlighting a community-driven response. WET Sale Relaunch Scheduled for December 8 Did you know? Similar instances of botting have occurred in DeFi launches, but few have resulted in full refunds, showcasing Jupiter’s commitment to transparency and fairness. WeShow Token (WET) has shown price fluctuations with a 24-hour change of 1.62% and a 90-day decline of 4.36%, according to CoinMarketCap. The current market cap and trading volume are reported as zero, reflecting its non-circulating status. WeShow Token(WET), daily chart, screenshot on CoinMarketCap at 09:59 UTC on October 11, 2021. Source: CoinMarketCap Insights from Coincu suggest that Jupiter’s…

Jupiter Identifies Token Sniping, Restarts WET Public Sale

2025/12/07 06:35
Key Points:
  • Jupiter voids WET sale, refunds participants over botting issues.
  • WET public sale restarts December 8, 2023.
  • Bubblemaps identifies snipe attempt by “Ramarxyz.”

Jupiter’s WET public sale will relaunch on December 8 at 11 PM (UTC+8), following a voided initial sale, with all prior participants refunded and allocations preserved.

The relaunch addresses fair distribution, after analytics revealed over 70% token acquisition by a single entity, “Ramarxyz,” prompting new anti-bot measures to ensure equitable access.

Bot Detection Halts WET Token Sale

Jupiter discovered a bot-related issue, resulting in the voiding of the initial WET token sale. According to their X account, the responsible party, identified by Bubblemaps as “Ramarxyz,” used over 1,000 wallets to purchase 70% of presale tokens.

All participants in the December 4 sale will receive refunds in USDC, and a new public sale will be conducted. The new WET tokens will replace the old ones, ensuring the integrity of the relaunch.

The revelation of bot activity prompted swift action from Jupiter, with additional anti-bot measures slated for the new sale. No regulatory actions have been announced, highlighting a community-driven response.

WET Sale Relaunch Scheduled for December 8

Did you know? Similar instances of botting have occurred in DeFi launches, but few have resulted in full refunds, showcasing Jupiter’s commitment to transparency and fairness.

WeShow Token (WET) has shown price fluctuations with a 24-hour change of 1.62% and a 90-day decline of 4.36%, according to CoinMarketCap. The current market cap and trading volume are reported as zero, reflecting its non-circulating status.

WeShow Token(WET), daily chart, screenshot on CoinMarketCap at 09:59 UTC on October 11, 2021. Source: CoinMarketCap

Insights from Coincu suggest that Jupiter’s decision to refund participants and employ anti-bot strategies might set new industry standards for transparency in token sales, potentially influencing future DeFi protocols.

Source: https://coincu.com/news/jupiter-restarts-wet-public-sale/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36