In a report published on November 12, 2026, at 14:54 (UTC+8), TechFlow cited Huma co-founder Richard Liu’s response to recent HUMA price volatility. Liu said the team was surprised by the extent of the decline and had investigated it.
According to Liu, an early liquidity provider’s wallet was hacked on October 22, after which approximately 12 million HUMA received through an airdrop were sold. He also reported that market-wide HUMA futures open interest rose from roughly 620 million to 1.1 billion HUMA between November 2 and 7. Perpetual-futures trading volume was 7–10 times spot volume, and funding rates had remained negative since November 4.
These figures describe reported selling and derivatives activity; they do not, on their own, establish how much each contributed to the price decline or determine HUMA’s value. Liu said the Huma Foundation and affiliated entities had not traded HUMA in the preceding three months and had no plans to sell tokens during the upcoming unlock. He said there was no evidence at the time of misconduct by partner market makers. The team planned to hold an AMA around November 19–20 to address community questions.