In a November 12, 2026, post on X, Huma co-founder Richard Liu addressed recent HUMA price volatility. He said the team was surprised that the decline exceeded its expectations and had investigated the move, according to TechFlow.
Liu said the investigation found that 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, from November 2 to 7, market-wide HUMA futures open interest rose from about 620 million to 1.1 billion tokens. Perpetual futures trading volume was 7–10 times spot volume, while funding rates had remained negative since November 4. These are observations about derivatives activity, not proof of what caused the price decline.
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 currently no evidence of misconduct by partner market makers. The team planned to hold an AMA around November 19–20 to address community questions.
Original report: TechFlow · Published November 12, 2026, at 14:54 UTC+8.