In a November 12, 2026 report, TechFlow said Huma co-founder Richard Liu had addressed HUMA’s recent price decline on X. Liu said the team was surprised by the extent of the drop and had investigated it.
According to Liu, an early liquidity provider’s wallet was hacked on October 22, after which about 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 roughly 620 million to 1.1 billion tokens. Perpetual-futures trading volume was 7–10 times spot volume, and funding rates had remained negative since November 4.
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 that point of misconduct by partner market makers. The team planned to hold a community AMA around November 19–20.
The reported figures describe trading activity, not growth in HUMA users or durable adoption. They do not, on their own, establish what caused the price decline.