Humanity Protocol Crashes 85% on June 8 as Non-USD Stablecoins Hit $2B ATH

According to CoinGlass and Arkham Intelligence data, Humanity Protocol (H) token crashed over 85% on June 8, adding pressure to an already weakening altcoin market. The decline coincided with altcoin Open Interest falling to around $115 billion—a 25% drop from January's peak of $150 billion—signaling cooling speculative activity.

Meanwhile, non-USD stablecoins reached an all-time high of $2 billion in circulating supply as of June 9, up 43% throughout 2026, with their total market cap recovering to approximately $316 billion. However, despite rising liquidity across both USD and non-USD stablecoins, capital appears to be flowing defensively rather than into risk assets.