Solana-based proprietary automated market maker (AMM) HumidiFi is abandoning its initial token sale and launching a new token on Monday, Dec. 8, after a bot farm sniped the entire presale supply in seconds.

The team announced that it will not be launching the initial WET token, meaning the sniped tokens are now worthless.

According to an announcement from HumidiFi, “They set up thousands of wallets, each having 1000 USDC. For each wallet, there was an instruction created that triggered the deposit of funds into the DTF smart contract.”
“Per bundle sent (a lot of bundles were sent), 4 transactions were executed. 4 transactions that triggered 6 instructions each, for a total of 24,000 USDC or ~350,000 WET for each bundle.”

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