In recent days, the price of HUMA has been continuously declining. I believe it's not just due to the unlocking of the airdrop on the 26th, so I observed the token emission situation of Maxi Mode and made some new discoveries. For the same deposit, the current token rewards have decreased by about 5% compared to the beginning of the month. According to the official calculation formula, intuitively, this number shouldn't change, which is also why I kept track of the reward numbers at the beginning of the month: to check daily if this value would change and validate my intuition. The reason for focusing on this data is that if the reward ratio remains unchanged each quarter, and Maxi Mode shows annual returns based on the token price over the past 7 days, to maintain a competitive annual return (around 20%), the token price cannot drop too low, and of course, it shouldn't rise too sharply either. Thus, it seems that an arbitrage opportunity has emerged: the price of $HUMA will fluctuate within a roughly controllable range, which is also why I previously engaged in grid trading. However, today's observation breaks the previous viewpoint; even within the same season, the ratio of token rewards is also fluctuating. The recent decrease in rewards is most likely due to the previous rise in token prices. I previously thought the annual return was an anchor, and the token price would fluctuate around that anchor point. Now it seems the token price has no anchor because the reward ratio can change. This point is also addressed in the official documentation: the ratio of token rewards is subject to adjustment if needed. If you want to take advantage of HUMA, it's better to just save money honestly. This speculative behavior has come to an end.