HumidiFi (WET) Surges 45% as Upbit and Bithumb Announce Dual Listing
HumidiFi’s token WET skilled a double-digit worth surge after South Korea’s main exchanges, Upbit and Bithumb, introduced simultaneous listings.
Access to South Korea’s crypto market opens new alternatives for WET. Upbit and Bithumb each set buying and selling to start at 18:30 Korean Standard Time (KST) on December 15.
Dual Exchange Listing Fuels Price Rally For HumidiFi (WET)
According to Upbit’s announcement, WET will likely be accessible for buying and selling in opposition to the Korean received (KRW), Bitcoin (BTC), and Tether (USDT) pairs. Deposits and withdrawals are scheduled to open inside two hours of the announcement.
“Deposits and withdrawals are supported solely by way of the designated community (WET-Solana). Be positive to examine the community earlier than depositing. The contract deal with for WET supported by Upbit is: WETZjtprkDMCcUxPi9PfWnowMRZkiGGHDb9rABuRZ2U,” Upbit stated.
As with previous listings, Upbit will impose non permanent buying and selling restrictions through the preliminary launch interval. Buy orders will likely be disabled for roughly 5 minutes after buying and selling begins.
During the identical time window, promote orders priced greater than 10% beneath the day gone by’s closing worth will likely be restricted. In addition, solely restrict orders will likely be allowed for the primary two hours of buying and selling, with different order sorts briefly disabled.
Meanwhile, Bithumb will checklist WET on its KRW market, with buying and selling restrictions in place at launch. The trade has set the reference worth for WET at 282 received.
Bithumb may even provide a limited-time trading fee waiver for WET, operating from the beginning of buying and selling on December 15 by way of December 17 at 7:00 pm.
“If orders submitted through the fee-free interval are executed after the fee-free interval ends, normal buying and selling charges could apply,” the trade added.
The market reacted swiftly to the itemizing information. Upbit’s announcement drove WET’s worth from $0.181 to $0.279, representing a 54.2% enhance. This transfer aligns with previous patterns, as tokens securing listings on the trade have seen similar and even stronger short-term gains.
After Bithumb’s itemizing, WET noticed one other modest rise. At the time of writing, the altcoin’s price settled at $0.26, sustaining a virtually 45% acquire.
These listings come simply days after WET’s entry into the crypto market. Major exchanges, including Coinbase, OKX, Bybit, and extra, listed the token shortly after its launch, highlighting robust early curiosity from the market.
However, WET’s debut was not with out setbacks. During the preliminary sale, a single actor reportedly used greater than 1,000 wallets to accumulate roughly 70% of the overall provide. In response, the workforce promptly voided the sale and relaunched with a brand new token.
BeInCrypto reported that the relaunch carried out stronger protections and drew substantial participation. The workforce’s swift corrective actions and clear communication helped rebuild market confidence, fueling WET’s 100% rally final week.
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