HumidiFi’s token WET experienced a double-digit price surge after South Korea’s leading exchanges, Upbit and Bithumb, announced simultaneous listings.
Access to South Korea’s crypto market opens new opportunities for WET. Upbit and Bithumb both set trading to begin at 18:30 Korean Standard Time (KST) on December 15.
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Dual Exchange Listing Fuels Price Rally For HumidiFi (WET)
According to Upbit’s announcement, WET will be available for trading against the Korean won (KRW), Bitcoin (BTC), and Tether (USDT) pairs. Deposits and withdrawals are scheduled to open within two hours of the announcement.
As with previous listings, Upbit will impose temporary trading restrictions during the initial launch period. Buy orders will be disabled for approximately five minutes after trading begins.
During the same time window, sell orders priced more than 10% below the previous day’s closing price will be restricted. In addition, only limit orders will be allowed for the first two hours of trading, with other order types temporarily disabled.
Meanwhile, Bithumb will list WET on its KRW market, with trading restrictions in place at launch. The exchange has set the reference price for WET at 282 won.
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Bithumb will also offer a limited-time trading fee waiver for WET, running from the start of trading on December 15 through December 17 at 7:00 pm.
The market reacted swiftly to the listing news. Upbit’s announcement drove WET’s price from $0.181 to $0.279, representing a 54.2% increase. This move aligns with past patterns, as tokens securing listings on the exchange have seen similar or even stronger short-term gains.
After Bithumb’s listing, WET saw another modest rise. At the time of writing, the altcoin’s price settled at $0.26, maintaining a nearly 45% gain.
HumidiFi (WET) Price Performance. Source: TradingViewThese listings come just days after WET’s entry into the crypto market. Major exchanges, including Coinbase, OKX, Bybit, and more, listed the token shortly after its launch, highlighting strong early interest from the market.
However, WET’s debut was not without setbacks. During the initial sale, a single actor reportedly used more than 1,000 wallets to acquire roughly 70% of the total supply. In response, the team promptly voided the sale and relaunched with a new token.
BeInCrypto reported that the relaunch implemented stronger protections and drew substantial participation. The team’s swift corrective actions and transparent communication helped rebuild market confidence, fueling WET’s 100% rally last week.
Source: https://beincrypto.com/humidifi-wet-upbit-bithumb-listing-surge/
