TL;DR
- Price Surge: HumidiFi (WET) skyrocketed from $0.181 to $0.279 before stabilizing near $0.28, marking a 50% gain in hours and reflecting strong investor enthusiasm after the dual listings.
- Exchange Rules: Upbit and Bithumb introduced strict trading restrictions, fee incentives, and temporary order limits to manage volatility.
- Market Confidence: HumidiFi overcame its flawed debut by relaunching with stronger protections, rebuilding credibility, and securing listings across major exchanges.
HumidiFi’s token WET has captured market attention with a sharp rally following its dual listing on South Korea’s leading exchanges, Upbit and Bithumb. The altcoin, which only recently entered the crypto market, surged nearly 50% in a matter of hours, underscoring the powerful impact of exchange accessibility and investor sentiment. The move also highlights how HumidiFi’s corrective actions after a rocky debut have restored confidence and positioned WET for strong momentum.
Dual Listings Spark Immediate Market Reaction
Upbit confirmed trading pairs for WET against the Korean won, Bitcoin, and Tether, with deposits and withdrawals supported exclusively via the Solana network. The exchange imposed temporary restrictions, disabling buy orders for five minutes and limiting trades to specific parameters to stabilize early activity. Bithumb simultaneously listed WET in its KRW market, setting a reference price of 282 won and offering a fee waiver until December 17. These coordinated launches triggered a swift rally, with WET climbing from $0.181 to $0.279, a 50% increase before settling near $0.28.
Trading Rules Aim to Ensure Stability
Both exchanges introduced protective measures to manage volatility. Upbit restricted sell orders priced more than 10% below the prior day’s close and limited order types to prevent erratic swings. Bithumb’s fee-free campaign incentivized participation while clarifying that trades executed after the waiver period would incur standard fees. These frameworks reflect South Korea’s cautious approach to new token listings, balancing investor enthusiasm with market safeguards.
Recovery From Early Setbacks
HumidiFi’s journey has not been without turbulence. During its initial sale, one actor reportedly used over 1,000 wallets to acquire 70% of the supply, prompting the team to void the sale and relaunch with stronger protections. Transparent communication and decisive action rebuilt credibility, fueling a 100% rally last week. The dual listing now cements this recovery, signaling that investor trust has returned.
Broader Market Implications
The listings on Upbit and Bithumb follow earlier support from Coinbase, OKX, and Bybit, showing widespread exchange confidence in WET. This rapid adoption suggests HumidiFi could become a notable altcoin in 2026, particularly as South Korea’s market provides significant liquidity. The token’s trajectory illustrates how swift corrective measures and strategic listings can transform early missteps into renewed momentum, positioning WET as a contender in the competitive altcoin landscape.
