$HUMA : Strong fluctuations, investors should pay attention

After reaching a peak of $1.03, the price of token $HUMA has sharply decreased to around $0.06, equivalent to a decline of more than 90% within 24 hours.

Main reasons:

Derivatives trading: Binance has listed HUMA/USDT futures contracts with leverage up to 75x, leading to increased short selling activity.

Trading campaign: Binance is hosting the "HUMA Trading Challenge" program with a total prize of 30 million HUMA, encouraging large trading volumes, contributing to price volatility.

On-chain data: The initial supply is 1.73 billion HUMA (17.33% of total supply), with subsequent token unlocks expected in the next 91 days, which may create future selling pressure.

Proposed strategy:

Monitor support levels: The current price is around $0.06; it is necessary to observe whether this is a strong support area.

Risk management: With significant volatility, investors should carefully consider before engaging in trading, especially with positions using high leverage.