$WET's price surged 300% after its public sale, with contracts launched simultaneously on multiple platforms.

TL;DR

The $WET token saw a surge of over 300% within two days of its public sale on December 8, 2025, soaring from a price of $0.069 to an all-time high of $0.333 on December 11 (+382%). Bybit, Gate, and OKX simultaneously launched WET/USDT perpetual contracts on December 9, with platforms like Binance following suit. Open interest in these contracts surged 299% to $22.84 million within 24 hours. Currently, the price has retraced to $0.238, with a market capitalization of $56.7 million and a 24-hour trading volume of $221 million.

Core Analysis

Public Sale and Listing Timeline

Price performance analysis

Key price points :

• Retail price (December 8) : US$0.069
• December 9 (TGE Day) : Opened at $0.122399 (historic low), up 77% from the selling price.
• December 10 : Opened at $0.122, reached a high of $0.190, and closed at $0.176 (+44%).
• December 11 : Opened at $0.179, hit an all-time high of $0.333, current price $0.238

Calculation of the increase :

• From the list price of $0.069 to the high of $0.333 on December 11: +382.6%
• From the December 9 low of $0.122 to the December 11 high of $0.333: +172.8%
• 24-hour increase on December 11: +29% (from the previous day's close of $0.177)

Market data (as of 02:00 UTC, December 11, 2025) :

• Current price : $0.242
• Market capitalization : $56.7 million (230 million WET in circulation)
• Fully Diluted Valuation (FDV) : $246 million (total supply 1 billion WET)
• 24-hour trading volume : $221 million

Multi-platform contract deployment status

Launching simultaneously on December 9th (after TGE) :

Follow-up launch on December 10th :

Key findings :

• Gate, Bybit, and OKX quickly launched perpetual contracts within 1-2 hours of TGE, demonstrating a highly coordinated listing strategy.
• All platforms use USDT-settled perpetual contracts, facilitating cross-platform arbitrage.
• Binance offers leverage up to 50x, while Aster uses a more conservative 5x leverage.
• No WET contracts were found to be available on other major platforms such as Hyperliquid.

Community sentiment analysis

Price Soaring Narrative

Community members emphasized the significant multiple returns achieved by $WET from its public sale price, attributing this to HumidiFi's innovative DeFi model on Solana and strong demand. Discussions generally viewed the price movement as a successful validation of the Jupiter DTF mechanism, with early participants and stakers clearly benefiting.

Key narrative :

• Solana DEX Growth Opportunities : $WET is positioned as a key token in the Solana liquidity ecosystem, benefiting from the broader DEX growth trend.
• Jupiter's visibility advantage : Traffic and exposure on the Jupiter platform are considered important factors driving early demand.
• Meteora Liquidity Integration : Effective liquidity supply through Meteora is seen as a support for price stability.

KOL Opinions

Bullish view :

• @waleswoosh : Called $WET a prominent example of a successful ICO, acknowledging the path from public sale to its current valuation, despite the challenges in the launch process.
• @FabianoSolana : Described as "easy opportunity," thanks to Jupiter's platform visibility driving attention and engagement.

Critical points :

• @diamondARS_ : Expressed disappointment with Jupiter's handling of $WET DTF bootloaders, calling it a "turning point that destroys trust."

The broader KOL discussion focused on HumidiFi’s proprietary AMM innovation, expressing optimism about fee rebates and liquidity efficiency, but criticizing the implementation process.

Overall sentiment assessment

• Positive aspects : Excitement driven by price increases, expectations of staking rewards, and the potential of the Solana DeFi infrastructure.
• Concerns : Launch delays and bot attacks have undermined some users' trust in the fairness of Jupiter's processes.
• Risk perception : No high-participation scams or rug pull concerns were found; concerns mainly focused on operational execution rather than the project's fundamentals.

The community sentiment is cautiously optimistic , with the enthusiasm generated by the price surge being balanced by calls for improvements to the launch mechanism. Reddit and forum discussions show dissatisfaction with the public sale time and anti-bot measures, but approval of refund and restart initiatives.

Technical Analysis

Price trend characteristics

Breakthrough Phase (December 9-10) :

• It surged from a record low of $0.11 on December 9th, driven by the IPO announcement and the growing popularity of the Solana ecosystem.
• On December 10th, it broke through $0.28, reaching an all-time high of $0.336, an increase of over 300%.
• The breakout pattern was supported by whale activity and 6500+ early holders, indicating strong buying demand.

Correction and consolidation phase (December 11) :

• The price retraced from $0.336 to $0.238, forming a short-term consolidation range.
• Testing the lower Bollinger Band on the 1-hour chart at $0.2365 suggests a weakening of momentum after the initial rebound.

Key technology level

Support level :

• $0.112 : The all-time low on December 9th, an earlier consolidation zone.
• $0.2365 : Lower Bollinger Band on the 1-hour chart, a test level for the pullback on December 11th.

Resistance level :

• $0.28 : The price encountered resistance at the high point on December 10th, indicating selling pressure.
• $0.336 : The all-time high on December 10th; a recovery in momentum would make it a key retest zone.

Technical indicators

RSI analysis :

• 1-hour timeframe (as of 02:00 UTC, December 11, 2025): RSI(14) = 45.71, in the neutral range, with no overbought or oversold conditions.
• Daily chart : Due to only 2-3 candlesticks above the current price level, RSI data is insufficient.
• The 1-hour RSI has stabilized below 50, indicating that buying and selling pressures are balancing out after the surge.

MACD Analysis :

• 1-hour and daily chart periods : Due to insufficient historical data, the MACD (12,26,9) value cannot be fully calculated.
• We recommend monitoring for a golden cross signal above the zero line after subsequent data accumulation as a confirmation of a bullish trend.

Trading volume analysis

Volume characteristics :

• 24-hour trading volume (as of 02:00 UTC on December 11, 2025): $244.2 million, up 68% from the previous trading day.
• 1-hour volume : -13.2 million units change, indicating decreased activity during the consolidation period.
• Daily volume : -147.3 million units, reflecting an overall net outflow after the surge, but the absolute trading volume is high (US$234 million on December 10).

On-Balance Volume (OBV) :

• 1-hour OBV : 346.3 million (positive cumulative)
• Daily OBV : -147.3 million (allocation phase)
• Trading volume surged during the 300% jump on December 10th, validating the breakout; however, trading volume contracted on December 11th, suggesting a possible period of observation.

Derivatives data

Open Interest :

• Total (as of December 11, 2025): US$22.84 million
• 24-hour change : +299%
• Major platform distribution : OKX ($8.45 million), Bitget ($6.03 million)

Funding rates :

• Current rate : +0.0100% (slightly positive)
• Meaning : Long positions pay funding fees to short positions, indicating a slightly bullish bias in the derivatives market.
• Risk warning : Be wary of liquidation risks near resistance levels during periods of surging open interest.

Contract Launch Details :

• OKX will list WET/USDT perpetual bonds on December 9, 2025, with up to 20x leverage and a 4-hour funding rate settlement cycle.
• The continued growth in open interest during the surge indicates sustained market interest, but the risk of excessive leverage needs to be monitored.

in conclusion

The $WET token saw an astonishing 382% increase within two days of its public sale (from $0.069 to $0.333), demonstrating strong market demand for HumidiFi's proprietary AMM innovation and Solana DeFi infrastructure. Major platforms such as Gate, Bybit, and OKX quickly launched perpetual contracts after TGE, attracting $22.84 million in open interest within 24 hours, showcasing institutional-level market participation and coordination.

The current price of $0.238 is in a consolidation phase, with a neutral technical signal (RSI 45.71) and shrinking volume suggesting weakening short-term momentum. If the key support level of $0.2365 holds, coupled with continued growth in open interest and positive funding rates, it will build momentum for the next upward move; a break below this level could lead to a retest of the earlier low of $0.112.

Community sentiment is cautiously optimistic overall, with the excitement from the price increase being offset by skepticism surrounding Jupiter's launch process. Investors should pay attention to the risks of derivative liquidation, the pressure of unlocking circulating supply (currently only 23% in circulation), and the ability of HumidiFi's future ecosystem development to support the token's value. In the short term, the $0.28-$0.336 resistance zone will be a key battleground between bulls and bears.