The Humanity Foundation updates the vesting plan for $H tokens and sets a deadline

Humanity Foundation recently made significant adjustments to the $H token ownership plan for investors. The original unlock schedule, set to launch on June 25, 2026, with releases over 6 quarters, now requires a response via email before 09:00 UTC on April 26, and a final choice must be made between the following two options:

1. Extend the release plan, with unlocks starting on September 25, 2026, and extending to 12 equal quarterly releases.
2. Reduce the ratio to 3:10 for immediate unlock, replacing the original 16,666,666 $H with 5,000,000 $H tokens (a 70% reduction), to be fully distributed in a single batch on June 25, 2026.
   Currently, early-stage investment firm Trix Ventures has publicly disclosed choosing the discounted immediate unlock option. It is reported that this firm invested during the project’s approximately $60 million valuation stage, and even after the 3:10 discount swap, it can still realize about a 7x return.

It is worth noting that Humanity Protocol previously established a deep partnership with payment giant Mastercard, with the project’s fundamentals endorsed by traditional financial institutions. The on-chain identity verification sector it operates in is currently in its early stages, but with the continuous expansion of AI-generated content and automated accounts, the demand for on-chain real identity verification is widely believed to grow exponentially. This sector has long-term potential to become a leading project in the Web3 infrastructure space. The project is about to face a significant unlock pressure, and whether it can grow explosively with the AI sector’s boom is crucial.

1. 3:10 Ratio Immediate Unlock: The Only Rational Exit Now

Although a 70% paper loss is extremely heavy, in the current Web3 bear market cycle, “certain liquidity” far outweighs “illusory on-paper numbers,” and liquidity is king. The extension plan prolongs the cycle to 3 years. In a volatile market, the protocol’s survival ability, technological iteration, and even team certainty after 3 years are all major unknowns. Professional investment institutions generally face LP repayment pressures, and the 30% cash flow “to secure gains” has a much higher value than the 100% on-paper tokens that could become worthless after 3 years.

2. June 25, 2026, Will Face a “Death Spiral” Stress Test

Choosing the 30% option is partly to recover funds and partly to secure a survival position before a potential “stampede” occurs.

A huge “sell wall”: If 80% of investors choose to unlock on June 25, about 3.3% of the total (330 million tokens) $H tokens will flood into the market simultaneously. Institutional front-running and hedging: After confirming the choice on April 26, there will still be a two-month release window, during which institutions are highly likely to hedge via short contracts or borrowing on DEXs to sell. This “pre-emptive selling” behavior will cause some investors to lock in huge profits through hedging before June 25, potentially causing the token price to halve even before the unlock date. On-chain hunting: Because the release plan uses Sablier contracts, the schedule is fully transparent. Quant teams and short-selling bots will precisely target the June 25 release point. By opening high-leverage short positions in contract markets to lock in profits early, the token price could face a risk of halving just before the unlock.

3. Liquidity Exhaustion: Market Maker (MM) Defensive Withdrawal

Maintaining liquidity requires market makers. When the market anticipates a large concentration of tokens (even at a discount) being released on June 25, market makers may choose to withdraw buy-side depth early to prevent being crushed by large sell orders. When investors attempt to sell 5,000,000 $H on exchanges, significant slippage could reduce the actual realized value to less than 10% of the original.

4. Lessons from History

Starknet (STRK): In February 2024, Starknet planned a large-scale unlock just two months after launch. The plan was overly aggressive and extremely unfriendly to the secondary market, causing widespread criticism and eroding investor trust premiums. Its price has fallen over 95% from its high, becoming a typical “zombie L2.” ApeCoin (APE): At that time, $APE also involved large-scale investor unlocks, and the market began “front-running” about 30 days in advance. During the major release event, the price still dropped 77% over 7 months. If Humanity Foundation fully unlocks tokens for over a hundred investors on June 25, 2026, it would be seen as a “pressure bomb” in quantitative trading circles. Even if only 50% of investors unlock, the total tokens at stake will far exceed the market’s buy-side capacity. Valuation traps: Cases like Vesta Finance (VSTA) and Hope.money’s “discounted exit” are also well-remembered.

5. Decisively choosing a one-time unlock on June 25 is the wisest decision

For early investors who have already gained profits, choosing the immediate unlock plan on June 25 essentially turns the tokens back into “free capital.” It is understood that Humanity Foundation has already sent this message to over 100 investors. In an environment where everyone fears falling behind, being at the front of the release queue is the only hedging strategy.