HumidiFi’s token WET skilled a double-digit value enhance after main Korean exchanges Upbit and Bithumb introduced simultaneous listings.
Entry to South Korea’s crypto market opens new alternatives for WET. Each Upbit and Bithumb are scheduled to start buying and selling on December fifteenth at 18:30 KST.
Twin change itemizing accelerates HumidiFi (WET) value rise
Based on Upbit’s announcement, WET will have the ability to commerce in opposition to the Korean Received (KRW), Bitcoin (BTC), and Tether (USDT) pairs. Deposits and withdrawals are anticipated to start inside two hours of the announcement.
“Deposits and withdrawals are solely supported by way of the desired community (WET-Solana). Please remember to verify the community earlier than depositing. The WET contract deal with supported by Upbit is WETZjtprkDMCcUxPi9PfWnowMRZkiGGHDb9rABuRZ2U,” Upbit mentioned.
Much like earlier listings, Upbit will impose short-term buying and selling restrictions throughout the preliminary launch interval. You will be unable to position a purchase order for roughly 5 minutes after the beginning of buying and selling.
Throughout this time interval, promote orders are restricted at costs which are greater than 10% under yesterday’s closing value. Moreover, solely restrict orders are allowed throughout the first two hours of buying and selling, and different order sorts are briefly disabled.
In the meantime, Bithumb plans to listing WET on the KRW market, and buying and selling restrictions shall be in place at launch. The change set the usual value for WET at 282 received.
Bithumb can even waive WET buying and selling charges for a restricted time from the beginning of buying and selling on December fifteenth till 7pm on December seventeenth.
“Commonplace buying and selling charges might apply if orders submitted throughout the fee-free interval are executed after the fee-free interval ends,” the change added.
The market reacted rapidly to information of the itemizing. With Upbit’s announcement, the value of WET elevated from $0.181 to $0.279, representing a 54.2% enhance. This transfer is in step with historic patterns, with tokens which have secured change listings reaching related and even larger short-term earnings.
After Bithumb went public, WET once more confirmed a small enhance. On the time of writing, the altcoin value has settled at $0.26, sustaining a rise of almost 45%.
HumidiFi (WET) value efficiency. Supply: TradingView
These listings got here simply days after WET entered the crypto market. Main exchanges akin to Coinbase, OKX, and Bybit listed the token shortly after its launch, highlighting the robust preliminary curiosity from the market.
Nonetheless, WET’s debut was not with out setbacks. Within the first sale, one attacker reportedly used over 1,000 wallets to seize roughly 70% of the overall provide. In response, the staff rapidly disabled the sale and restarted it with new tokens.
BeInCrypto reported that the reboot applied stronger protections and attracted a lot of members. The staff’s fast corrective actions and clear communication helped rebuild market confidence and fueled WET’s 100% rally final week.
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