Uncovered: “Ramarxyz” Sniped 70% of $WET Presale With 1,000+ Wallets – Then Demanded Refund

A chaotic token launch on Solana has positioned decentralized finance platform HumidiFi and Jupiter Change underneath intense scrutiny after blockchain investigators linked a single actor to the mass botting of the $WET public presale, capturing the vast majority of the allocation inside seconds.

Based on an in depth on-chain investigation revealed by Bubblemaps, one entity working underneath the alias “Ramarxyz” used greater than 1,000 wallets to assert roughly 70% of the $WET public presale allocation.

The sale, which passed off by means of Jupiter’s Decentralized Token Formation (DTF) launchpad, bought out in simply two seconds earlier than most retail members may work together.

HumidiFi Confirms Bot Assault as Blockchain Knowledge Traces Sale to One Actor

HumidiFi later confirmed that a big bot farm had overwhelmed the general public sale. Bubblemaps discovered that a minimum of 1,100 of the 1,530 taking part addresses had been managed by the identical actor.

The wallets adopted a repetitive funding sample, with every receiving precisely 1,000 USDC from centralized exchanges shortly earlier than the sale.

One pockets allegedly broke the sample by receiving funds from a non-public handle that could possibly be traced to the Twitter deal with @ramarxyz by means of earlier public blockchain exercise.

Somewhat than acknowledging the exercise, the person later publicly recommended that HumidiFi ought to refund the sniper’s allocation, regardless of being linked to the exploit.

Shortly afterward, HumidiFi confirmed that each one suspected bot allocations had been canceled and that official presale members would as an alternative obtain a prorated airdrop.

A separate on-chain evaluation by dealer Gautam Mgg confirmed that 4% of the general public allocation went to simply 10 wallets, with 4 wallets alone committing 40% of all the public sale provide utilizing bots.

The wallets had been publicly listed utilizing Solana explorers. Gautam additionally blamed Jupiter Change for failing to introduce primary bot safety measures, resembling CAPTCHA or last-minute handle rotation.

Jupiter had earlier introduced that the $WET token sale was totally accomplished, elevating $5.57 million throughout its Wetlist, JUP stakers, and public sale phases.

The general public section supplied 30 million tokens at $0.069 per token, capped at $1,000 USDC per pockets. The token is scheduled to change into claimable on December 9 alongside the launch of liquidity swimming pools.

HumidiFi to Reissue Token After Aborting Disrupted $WET Launch

Following the incident, HumidiFi introduced it will abandon the compromised launch and create a brand new token as an alternative.

The protocol mentioned all official Wetlist and JUP staker members would obtain a pro-rata airdrop underneath a newly deployed contract that has been audited. A brand new public sale is now scheduled.

HumidiFi launched in mid-2025 and has grown into one in all Solana’s most energetic decentralized exchanges, processing over $1 billion in each day buying and selling quantity and sometimes accounting for greater than one-third of all spot buying and selling on the community.

Based on DefiLlama, its Dex quantity presently sits near $30 billion over 30 days, whereas its cumulative quantity sits at over $122 billion.

The $WET token was launched because the protocol’s staking and fee-rebate asset and was promoted as a community-driven distribution utilizing Jupiter’s DTF platform.

The incident has revived broader issues over token distribution equity throughout launchpads.

In September, Bubblemaps additionally flagged a separate Sybil assault linked to the MYX token airdrop, the place roughly 100 newly created wallets claimed almost $170 million in tokens after being funded concurrently from OKX.

That case equally raised questions on identification controls and launch design weaknesses.

Jupiter DTF was launched as a clear, trust-minimized different to conventional token launches, combining curation and on-chain verification. The $WET sale was its first reside deployment, making the failure a serious check for the mannequin.

Neither Jupiter Change nor the people accused have issued an in depth technical breakdown of what failed on the infrastructure stage.

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