The broader market is already weakening, so don’t use “it’s down a lot” as the buy logic for the unlocked coins.
$HUMA Current price is 0.02039, -25.88%. This isn’t an oversold gift—it’s distribution driven by the unlock plus long liquidation. On August 26, 459 million coins were just unlocked, about $10.07 million worth; the supply directly hits after the price already surged. Today it fell all the way from the 0.02675 high; volume has increased, but there’s no follow-through/support.
Previously, the futures open interest (OI) was about 30 million, far higher than spot trading volume. Funding is still positive—typical leveraged longs first manufacture the rise, and now they all get buried together.
Strategy: don’t bottom-fish; reduce positions. On any rebound, prioritize reducing/shorting at 0.0218–0.0220. The first support is 0.0200; stronger support / the long-short boundary is 0.0189. If it breaks down, look at 0.0165. Only if it rallies with volume and reclaims 0.0220 can the distribution thesis be overturned, and then target 0.0242.
$HUMA Current price is 0.02039, -25.88%. This isn’t an oversold gift—it’s distribution driven by the unlock plus long liquidation. On August 26, 459 million coins were just unlocked, about $10.07 million worth; the supply directly hits after the price already surged. Today it fell all the way from the 0.02675 high; volume has increased, but there’s no follow-through/support.
Previously, the futures open interest (OI) was about 30 million, far higher than spot trading volume. Funding is still positive—typical leveraged longs first manufacture the rise, and now they all get buried together.
Strategy: don’t bottom-fish; reduce positions. On any rebound, prioritize reducing/shorting at 0.0218–0.0220. The first support is 0.0200; stronger support / the long-short boundary is 0.0189. If it breaks down, look at 0.0165. Only if it rallies with volume and reclaims 0.0220 can the distribution thesis be overturned, and then target 0.0242.