Huma co-founder Richard Liu said the Huma Foundation and its affiliated entities had not traded HUMA in the preceding three months and planned not to sell tokens during the upcoming unlock window. His comments, reported by Odaily on November 12, 2026, addressed recent volatility in the token.
Liu said an early liquidity provider’s wallet was hacked on October 22 and approximately 12 million airdropped HUMA tokens were sold. He also cited a rise in HUMA open interest from about 620 million to 1.1 billion tokens between November 2 and November 7. According to Liu, funding rates turned negative on November 4, while perpetual-contract trading volume reached seven to ten times spot volume. He said the recent market activity appeared to be concentrated mainly in perpetual contracts.
Liu added that the Huma Foundation had provided HUMA’s decentralized-exchange liquidity since the token generation event. His remarks do not establish what caused the token’s volatility.
Original report: Odaily · Published November 12, 2026, at 14:49 UTC+8.