Huma Co-Founder: Foundation and Affiliated Entities Have Not Traded HUMA in the Past 3 Months, Plan Not to Sell Tokens During Next Unlock Window

Odaily reports: Richard Liu, co-founder of PayFi project Huma, posted a statement addressing recent HUMA market volatility, saying that the Huma Foundation and its affiliated entities have not conducted any HUMA transactions over the past 3 months and plan not to sell tokens during the upcoming token unlock window.

Richard Liu noted that on October 22, an early LP wallet was hacked, and approximately 12 million HUMA obtained from airdrops were sold off. In addition, from November 2 to 7, HUMA open interest rose from about 620 million to 1.1 billion tokens, the funding rate turned negative starting November 4, perpetual contract trading volume reached 7 to 10 times that of spot trading volume, and recent market activity appears to be concentrated mainly in the perpetual contract market.

He also stated that since the token generation event (TGE), HUMA's DEX liquidity has consistently been provided by the Huma Foundation.