In a report published on November 12, 2026, at 14:45 UTC+8, Foresight News cited comments from Huma co-founder Richard Liu about recent HUMA volatility.
Liu said an early liquidity provider’s wallet was hacked on October 22 and approximately 12 million HUMA received through an airdrop were sold. He also pointed to a rise in open interest from about 620 million to 1.1 billion HUMA between November 2 and 7. Funding rates turned negative starting November 4, while perpetual trading volume reached 7–10 times spot volume. In his assessment, market activity appeared concentrated in perpetual contracts.
Separately, Liu said the Huma Foundation and its affiliated entities had made no HUMA trades in the preceding three months and planned not to sell tokens during the upcoming unlock window. He said the foundation had provided HUMA’s DEX liquidity since the token generation event.
These are Liu’s account of the activity and the foundation’s plans, not evidence that any one factor caused the volatility.