The post What is HumidiFi (WET) And Why Is It Pumping? appeared on BitcoinEthereumNews.com. HumidiFi (WET) has emerged as the top daily gainer in the cryptocurrency market today, rising over 100% in the past 24 hours. The Solana-based token’s surge coincides with its latest market debut, which has drawn significant interest from the crypto community. Sponsored Sponsored Why is HumidiFi (WET) Token’s Price Surging? BeInCrypto Markets data showed that WET’s value has increased by 104.5% in the past 24 hours. At the time of writing, the altcoin was trading at $0.25. WET’s market capitalization has also exceeded $50 million. Moroever, trading activity remains strong, with daily volume surpassing $150 million. HumidiFi (WET) Price Performance. Source: BeInCrypto Markets The token’s rise has sparked notable community buzz, earning it the top spot on CoinGecko’s trending lists. Sentiment data indicates an 80% bullish and 20% bearish outlook among traders. But what exactly is HumidiFi, and what’s causing this hype? HumidiFi operates as a proprietary automated market maker (prop AMM) on Solana. According to its litepaper, HumidiFi is Solana’s largest decentralized exchange, handling over $1 billion volume per day and accounting for more than 35% of Solana’s spot DEX activity. Furthermore, the protocol is integrated with Jupiter, DFlow, Titan, and OKX Router, serving as a key liquidity layer in the network. WET is the platform’s native token. It is the first token launched via Jupiter’s Decentralized Token Formation (DTF) platform. The public sale phase started last week. Sponsored Sponsored Yet, the launch was disrupted. On December 5, blockchain analytics firm Bubblemaps revealed that a single entity “Ramarxyz” used over 1,000 wallets to claim 70% of the presale. HumidiFi and Jupiter acknolwdged the incident swiftly. “They set up thousands of wallets, each having 1000 USDC. For each wallet, there was an instruction created, that triggered the deposit of funds into the DTF smart contract. This is like a button that… The post What is HumidiFi (WET) And Why Is It Pumping? appeared on BitcoinEthereumNews.com. HumidiFi (WET) has emerged as the top daily gainer in the cryptocurrency market today, rising over 100% in the past 24 hours. The Solana-based token’s surge coincides with its latest market debut, which has drawn significant interest from the crypto community. Sponsored Sponsored Why is HumidiFi (WET) Token’s Price Surging? BeInCrypto Markets data showed that WET’s value has increased by 104.5% in the past 24 hours. At the time of writing, the altcoin was trading at $0.25. WET’s market capitalization has also exceeded $50 million. Moroever, trading activity remains strong, with daily volume surpassing $150 million. HumidiFi (WET) Price Performance. Source: BeInCrypto Markets The token’s rise has sparked notable community buzz, earning it the top spot on CoinGecko’s trending lists. Sentiment data indicates an 80% bullish and 20% bearish outlook among traders. But what exactly is HumidiFi, and what’s causing this hype? HumidiFi operates as a proprietary automated market maker (prop AMM) on Solana. According to its litepaper, HumidiFi is Solana’s largest decentralized exchange, handling over $1 billion volume per day and accounting for more than 35% of Solana’s spot DEX activity. Furthermore, the protocol is integrated with Jupiter, DFlow, Titan, and OKX Router, serving as a key liquidity layer in the network. WET is the platform’s native token. It is the first token launched via Jupiter’s Decentralized Token Formation (DTF) platform. The public sale phase started last week. Sponsored Sponsored Yet, the launch was disrupted. On December 5, blockchain analytics firm Bubblemaps revealed that a single entity “Ramarxyz” used over 1,000 wallets to claim 70% of the presale. HumidiFi and Jupiter acknolwdged the incident swiftly. “They set up thousands of wallets, each having 1000 USDC. For each wallet, there was an instruction created, that triggered the deposit of funds into the DTF smart contract. This is like a button that…