Is HumidiFi WET Token The Next 100X Gem on Solana?


It is safe to say: Meme coins have been hammered. True, you can 2X on just +1% of all tokens minting on Pump.fun and other launchpads, but the odds of losing money in the current market conditions are amplified.

To put it in numbers, TRUMP, the most valuable meme coin on Solana, is down nearly -9% in the last week. It tumbled from as high as $74.

HumidiFi protects users against MEV bots and operates a "dark pool" for trading the SOL-USD pairs. Is WET the next 100X gem on Solana?

(Source: Coingecko)

For all it is, considering high-quality tokens priming a utility platform like HumidiFi, for example, can prove lucrative.

In the next few days, HumidiFi plans to launch its native token, WET, and by the look of things, this might be the next 100X crypto to buy on Solana.

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What is HumidiFi? Is It The Next Big Thing in Solana?

We can go on and on explaining why Solana is the host of all forms of meme coins. The network is, first and foremost, optimized for speed and efficiency. However, here’s one big weakness: If you are a whale and want to trade big clips, you will be doomed.

Solana has one major weakness: Front and back running bots are always scanning transactions on PumpSwap, Raydium, and all other major DEXes. You will be front-run at any time of the day if you want to buy a large block of meme coins. In the last 30 days alone, MEV bots sandwiched and extracted over $3 million in value.

HumidiFi protects users against MEV bots and operates a "dark pool" for trading the SOL-USD pairs. Is WET the next 100X gem on Solana?

(Source: Sandwiched)

HumidiFi has a solution for this. Like in TradFi, they run a private “dark” pool, more like Flashbots on Ethereum, protecting users from getting diced by MEV bots.

Through a vault-based liquidity managed by a professional market-making firm, this model ensures that not only are transactions processed quickly, but there is near-zero slippage, and everyone is safe to buy blocks of the next 100X cryptos without being diced by MEV bots.

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Is WET Crypto The Next 100X Token?

HumidiFi has found success, and currently settles around +40% of all SOL-USD spot volume. It has found traction so much that it recently surpassed Binance in weekly SOL-USD spot volume.

While users prefer routing their SOL-USD transactions via HumidiFi, the platform has also expanded, recently supporting Bitcoin, Ethereum, and the high-flying Zcash.

Overall, trackers note that HumidiFi has settled $1Bn every day, and during periods of peak activity, this number increases to over $2Bn.

Given this explosive growth, the planned launch of WET, their native token, could mean it finds instant success on launch.

HumidiFi is community-first, and has not received any funding from venture capital.

Being the first token on Jupiter’s Decentralized Token Formation (DFT) platform, it is likely that WET could fly immediately after it launches.

Still, the pace of this growth will be largely influenced by prevailing market conditions. If the Bitcoin and Solana prices fail to meet trader expectations and dump below key support levels by the end of the month, WET crypto might not rally as hard.

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Is HumidiFi WET Token The Next 1000X Gem on Solana?

  • Solana has an MEV problem.  
  • HumidiFi protects users against MEV bots. 
  • Users are increasingly routing SOL-USD transactions via HumidiFi. 
  • WET launches in early December. Is WET crypto the next 100X token to buy? 

The post Is HumidiFi WET Token The Next 100X Gem on Solana? appeared first on 99Bitcoins.





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