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HumidiFi (WET) Surges 45% as Upbit and Bithumb Announce Dual Listing
Yahoo Finance· 2025-12-15 08:47
Core Insights - HumidiFi's token WET experienced a significant price surge following its listings on South Korea's leading exchanges, Upbit and Bithumb, indicating strong market interest and potential for growth [1][6]. Group 1: Listing Details - WET will be available for trading against the Korean won (KRW), Bitcoin (BTC), and Tether (USDT) on Upbit, with trading set to begin at 18:30 KST on December 15 [2]. - Bithumb will also list WET on its KRW market, setting the reference price at 282 won, with trading restrictions in place at launch [4]. - Both exchanges will implement temporary trading restrictions during the initial launch period, including limitations on buy orders and the types of orders allowed [3][4]. Group 2: Market Reaction - Following Upbit's announcement, WET's price surged from $0.181 to $0.279, marking a 54.2% increase, while the price settled at $0.26 after Bithumb's listing, maintaining a nearly 45% gain [6][7]. - The rapid price increase aligns with historical patterns where tokens listed on exchanges experience significant short-term gains [6]. Group 3: Early Market Activity - The listings occurred shortly after WET's entry into the crypto market, with major exchanges like Coinbase, OKX, and Bybit also listing the token, reflecting strong early interest [7]. - However, WET's initial sale faced challenges, as a single actor reportedly acquired approximately 70% of the total supply using over 1,000 wallets, leading to the sale being voided and a relaunch with a new token [8].