Huma Co-Founder Says Foundation Made No HUMA Trades in Past Three Months and Plans Not to Sell During Unlock Window

Huma co-founder Richard Liu said the Huma Foundation and its affiliated entities have made no HUMA trades in the past three months and plan not to sell tokens during the upcoming unlock window. According to Foresight News, Liu also said the foundation has provided HUMA DEX liquidity since the token generation event. Liu said he had noted increased commentary about HUMA and outlined recent market activity. On October 22, a hacker compromised an early liquidity provider's wallet, and about 12 million airdropped HUMA tokens were sold. From November 2 to 7, open interest rose from about 620 million to 1.1 billion tokens. Funding rates turned negative starting November 4, while perpetual trading volume reached seven to 10 times spot volume. Liu said market activity appeared concentrated in perpetual contracts.