Solana’s WET Presale Relaunches After Bot Farm Snipes Supply

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A Solana presale event encountered distribution issues after a bot farm reportedly used over 1,000 wallets to snipe nearly the entire Wet (WET) token sale in seconds. 

Hosted through the decentralized exchange aggregator Jupiter, the presale sold out almost instantly. But genuine buyers effectively had no chance to participate because a single actor dominated the presale, according to organizers.

Solana automated market maker (AMM) HumidiFi, the team behind the presale, confirmed the attack and scrapped the launch entirely. The team said it would…



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Solana’s WET Presale Relaunches After Bot Farm Snipes Supply


A Solana presale event encountered distribution issues after a bot farm reportedly used over 1,000 wallets to snipe nearly the entire Wet (WET) token sale in seconds. 

Hosted through the decentralized exchange aggregator Jupiter, the presale sold out almost instantly. But genuine buyers effectively had no chance to participate because a single actor dominated the presale, according to organizers.

Solana automated market maker (AMM) HumidiFi, the team behind the presale, confirmed the attack and scrapped the launch entirely. The team said it would…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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