Huma Finance co-founder Richard Liu responded to HUMA’s recent sharp price fluctuations, saying the team was surprised by the decline ahead of the token unlock on November 26. An investigation found that an early liquidity provider’s (LP) wallet was hacked on October 22, and about 12 million HUMA tokens from an airdrop were sold. In addition, from November 2 to 7, open interest in HUMA contracts across the market rose from about 620 million to 1.1 billion tokens, while perpetual contract trading volume reached 7 to 10 times spot volume and funding rates remained negative. Richard Liu stressed that the Huma Foundation and its affiliated entities had not traded any HUMA in the past three months and had no plans to sell tokens during the upcoming unlock. The team has not found evidence of misconduct by its partner market makers.