HumidiFi’s token WET experienced a double-digit price increase after major Korean exchanges Upbit and Bithumb announced simultaneous listings.
Access to South Korea's crypto market opens new opportunities for WET. Both Upbit and Bithumb are scheduled to begin trading on December 15th at 18:30 KST.
Dual exchange listing accelerates HumidiFi (WET) price rise
According to Upbit's announcement, WET will be able to trade against the Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) pairs. Deposits and withdrawals are expected to begin within two hours of the announcement.
“Deposits and withdrawals are only supported via the specified network (WET-Solana). Please be sure to check the network before depositing. The WET contract address supported by Upbit is WETZjtprkDMCcUxPi9PfWnowMRZkiGGHDb9rABuRZ2U,” Upbit said.
Similar to previous listings, Upbit will impose temporary trading restrictions during the initial launch period. You will not be able to place a buy order for approximately 5 minutes after the start of trading.
During this time period, sell orders are restricted at prices that are more than 10% below the previous day's closing price. Additionally, only limit orders are allowed during the first two hours of trading, and other order types are temporarily disabled.
Meanwhile, Bithumb plans to list WET on the KRW market, and trading restrictions will be in place at launch. The exchange set the standard price for WET at 282 won.
Bithumb will also waive WET trading fees for a limited time from the start of trading on December 15th until 7pm on December 17th.
“Standard trading fees may apply if orders submitted during the fee-free period are executed after the fee-free period ends,” the exchange added.
The market reacted quickly to news of the listing. With Upbit's announcement, the price of WET increased from $0.181 to $0.279, representing a 54.2% increase. This move is in line with historical patterns, with tokens that have secured exchange listings achieving similar or even higher short-term gains.
After Bithumb went public, WET again showed a small increase. At the time of writing, the altcoin price has settled at $0.26, maintaining an increase of nearly 45%.
HumidiFi (WET) price performance. Source: TradingView
These listings came just days after WET entered the crypto market. Major exchanges such as Coinbase, OKX, and Bybit listed the token shortly after its launch, highlighting the strong initial interest from the market.
However, WET's debut was not without setbacks. In the first sale, one attacker reportedly used over 1,000 wallets to capture approximately 70% of the total supply. In response, the team quickly disabled the sale and restarted it with new tokens.
BeInCrypto reported that the reboot implemented stronger protections and attracted a large number of participants. The team's quick corrective actions and transparent communication helped rebuild market confidence and fueled WET's 100% rally last week.
The post HumidiFi (WET) soars 45% as Upbit and Bithumb announce dual listing appeared first on BeInCrypto.
