Exposed: “Ramarxyz” Sniped 70% of $WET Presale With 1,000+ Wallets – Then Demanded Refund
A chaotic token launch on Solana has positioned decentralized finance platform HumidiFi and Jupiter Exchange below intense scrutiny after blockchain investigators linked a single actor to the mass botting of the $WET public presale, capturing the bulk of the allocation inside seconds.
According to a detailed on-chain investigation revealed by Bubblemaps, one entity working below the alias “Ramarxyz” used greater than 1,000 wallets to assert roughly 70% of the $WET public presale allocation.
BREAKING: We discovered the identification of the $WET sniper
“Ramarxyz” claimed 70% of the @HumidiFi presale utilizing 1,000+ wallets
Then dared to ask for a refund
— Bubblemaps (@bubblemaps) December 5, 2025
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The sale, which came about by Jupiter’s Decentralized Token Formation (DTF) launchpad, offered out in simply two seconds earlier than most retail members may work together.
HumidiFi Confirms Bot Attack as Blockchain Data Traces Sale to One Actor
HumidiFi later confirmed that a big bot farm had overwhelmed the general public sale. Bubblemaps discovered that at the least 1,100 of the 1,530 taking part addresses have been managed by the identical actor.
The wallets adopted a repetitive funding sample, with every receiving precisely 1,000 USDC from centralized exchanges shortly earlier than the sale.
One pockets allegedly broke the sample by receiving funds from a non-public tackle that might be traced to the Twitter deal with @ramarxyz by earlier public blockchain exercise.
Rather than acknowledging the exercise, the person later publicly suggested that HumidiFi ought to refund the sniper’s allocation, regardless of being linked to the exploit.
Shortly afterward, HumidiFi confirmed that each one suspected bot allocations had been canceled and that legit presale members would as an alternative obtain a prorated airdrop.
A separate on-chain evaluation by dealer Gautam Mgg showed that 4% of the general public allocation went to simply 10 wallets, with 4 wallets alone committing 40% of your entire public sale provide utilizing bots.
$WET @humidifi : 4% Public Sale Supply went to simply 10 wallets
Presale was utterly botted, mainly rugged And sure, @JupiterExchange can be at fault.
Here’s the proof: These 4 wallets alone dedicated 40% of the 4% public sale allocation utilizing bots (discovering extra… pic.twitter.com/5dGz3bHwjZ
— Gautamgg
(@Gautamguptagg) December 4, 2025
The wallets have been publicly listed utilizing Solana explorers. Gautam additionally blamed Jupiter Exchange for failing to introduce primary bot safety measures, comparable to CAPTCHA or last-minute tackle rotation.
Jupiter had earlier announced that the $WET token sale was totally accomplished, elevating $5.57 million throughout its Wetlist, JUP stakers, and public sale phases.
It’s official: Public sale part for $WET has SOLD OUT!
The Decentralized Token Formation for @HumidiFi is now formally concluded, elevating a grand complete of $5.57m throughout the Wetlist, JUP stakers and public sale phases.$WET token for profitable contributors shall be claimable… pic.twitter.com/o5Hleg91z1
— Jupiter (
,
) (@JupiterExchange) December 4, 2025
The public part supplied 30 million tokens at $0.069 per token, capped at $1,000 USDC per pockets. The token is scheduled to turn out to be claimable on December 9 alongside the launch of liquidity swimming pools.
HumidiFi to Reissue Token After Aborting Disrupted $WET Launch
Following the incident, HumidiFi announced it will abandon the compromised launch and create a brand new token as an alternative.
The protocol mentioned all legit Wetlist and JUP staker members would obtain a pro-rata airdrop below a newly deployed contract that has been audited. A brand new public sale is now scheduled.
HumidiFi launched in mid-2025 and has grown into one of Solana’s most lively decentralized exchanges, processing over $1 billion in each day buying and selling quantity and infrequently accounting for greater than one-third of all spot buying and selling on the community.
According to DefiLlama, its Dex quantity presently sits near $30 billion over 30 days, whereas its cumulative quantity sits at over $122 billion.
The $WET token was introduced because the protocol’s staking and fee-rebate asset and was promoted as a community-driven distribution utilizing Jupiter’s DTF platform.
The incident has revived broader issues over token distribution equity throughout launchpads.
In September, Bubblemaps also flagged a separate Sybil attack linked to the MYX token airdrop, the place roughly 100 newly created wallets claimed almost $170 million in tokens after being funded concurrently from OKX.
That case equally raised questions on identification controls and launch design weaknesses.
Jupiter DTF was introduced as a clear, trust-minimized various to conventional token launches, combining curation and on-chain verification. The $WET sale was its first stay deployment, making the failure a significant take a look at for the mannequin.
Neither Jupiter Exchange nor the people accused have issued an in depth technical breakdown of what failed on the infrastructure degree.
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