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 HUMA market volatility.
Liu said an early liquidity-provider wallet was hacked on October 22 and about 12 million airdropped HUMA tokens were sold. He also said HUMA open interest rose from approximately 620 million to 1.1 billion tokens between November 2 and 7, funding rates turned negative from November 4, and perpetual-futures volume reached seven to ten times spot volume. In his view, recent market activity appeared concentrated in perpetual futures.
Liu further said the foundation had provided HUMA’s decentralized-exchange liquidity since the token generation event. These are statements attributed to Liu, not independently verified findings. The trading measures describe market activity; they do not, by themselves, establish protocol revenue or value accruing to HUMA holders.