This is excerpted from a Facebook post by IU prof. Kurt Muroki:

Kurt Muroki best way to revive old pops or any other rosin for that matter is not with humidification... The best way is alcohol. Put a quarter size amount of alcohol-based hand sanitizer or 50/50 rubbing alcohol and water in the bottom of a small Tupperware container, put the rosin in a pops rosin container with the lid open, or any other method that does not allow the rosin to touch the alcohol. Leave overnight and your rosin will be soft. Leave it for 2 or 3 days and you can pour your rosin on your bow.
Haven't tried it yet, but I've got a couple of powdery Pops cakes that are good candidates for the experiment. I'll post results.