Huge day of ICO newsTo recap:- HumidiFi's WET token soars 5-6x from ICO presale- Rainbow Wallet announces ICO for Dec 11, selling 3% of supply at $100M fdv- Octra announces ICO on Sonar for Dec 18, selling 10% at $200M- Fogo announces an ICO for 2% of its supply coming Dec 17Tis the SZN ...

HumidiFi's WET token with an incredible debutSoaring 220% from yesterday to $325MIt's now a 6.5x for those on the Wetlist and JUP stakers and nearly a 5x from public sale https://t.co/UGcu0VuG2w ...

💡 What You Can Do Now:🔹 Follow @humidifi for WET token launch on Jupiter's DTF platform Dec 3.🔹 Monitor SOL ETF activity to identify emerging market opportunities.🔹 Track positions closely as price action remains volatile.Stay informed, stay ahead 🌅https://t.co/aOfC1DNXGZ6/6 ...

RT Sharples (@0xSharples)With @humidifi's upcoming WET token launching on Jupiter's DTF soon, we've launched a HumidiFi dashboard.Here are some key facts:- HumidiFi settles around 30-40% of global SOL-USD spot volume, with it being the largest DEX on Solana since its release earlier this year.- It recently passed Binance in weekly SOL-USD spot volume- Around 95% of HumidiFi's spot volume occurs from SOL-USD trading. They currently quote two different SOL-USD pairs: WSOL-USDC and WSOL-USDT.- HumidiFi has sta ...

Core Insights - HumidiFi, the largest decentralized exchange on Solana by one measure, is set to launch its token WET in November through an initial coin offering (ICO) [1] - The exchange has achieved significant growth, processing $33.3 billion in trade volume over the past 30 days, accounting for nearly 25% of all trade volume on Solana [2] - HumidiFi operates as a prop automated market maker (AMM), allowing it to manage liquidity effectively and offer competitive prices compared to traditional decentralized exchanges [3][4] Token Launch Details - WET will be the first token to utilize Jupiter's Decentralized Token Formation (DTF) platform, which will provide tiered access for investors [5] - The ICO will allow for whitelisting of certain recipients, allocation for Jupiter stakers, and public investment on a first-come, first-served basis [5] - The launch date for the ICO has not been finalized, but it is confirmed to occur in November [4] Market Dynamics - Prop AMMs like HumidiFi are seen as a significant evolution in on-chain market microstructure, enabling larger trades at competitive prices compared to centralized exchanges [4] - The current ICO model is criticized for allowing manipulation by wealthy investors, who can exceed investment caps and secure larger token distributions [6][7]