In a report published on November 12, 2026, at 14:49 (UTC+8), Odaily relayed Huma co-founder Richard Liu’s account of recent HUMA market activity. 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.
Liu said an early liquidity-provider wallet was hacked on October 22 and about 12 million airdropped HUMA tokens were sold. He also pointed to derivatives activity from November 2–7: HUMA open interest rose from approximately 620 million to 1.1 billion tokens, funding rates turned negative from November 4, and perpetual-contract trading volume reached seven to ten times spot volume. In his view, recent activity appeared concentrated in perpetuals. This is Liu’s account of the conditions at the time, not a current market reading.
Liu also said the Huma Foundation had provided HUMA’s decentralized-exchange liquidity since the token generation event.