In a Foresight News report published on November 12, 2026, at 14:45:53 UTC+08:00, Huma co-founder Richard Liu addressed recent commentary about HUMA and described trading activity around the token. His account is an explanation of the volatility, not independent verification of its causes.
Liu said a hacker attacked an early liquidity provider’s wallet on October 22 and sold approximately 12 million HUMA received through an airdrop. He also said open interest rose from about 620 million to 1.1 billion HUMA between November 2 and 7, funding rates turned negative starting November 4, and perpetual-futures volume reached seven to ten times spot volume. In his view, market activity appeared concentrated in perpetual contracts.
Liu further stated that 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 supplied HUMA liquidity on decentralized exchanges since the token generation event. These are attributed statements about trading and intended conduct, not evidence of broader adoption of Huma’s PayFi project.