USDH Deployer Unstakes 1.01M HYPE, Moves Funds to Flowdesk and Bybit

Onchain Lens monitoring has revealed that the USDH deployer address (0xc4bb...7577) initiated a large-scale transfer of HYPE holdings 12 hours ago. The address first unstaked 1.01 million HYPE tokens, which at current market prices are worth approximately $72.45 million. Subsequently, about 209,984 HYPE, valued at $15 million, were transferred to a newly created wallet. Simultaneously, 200,000 HYPE tokens, worth $13.76 million, were deposited into the liquidity provider Flowdesk.

The HYPE tokens sent to Flowdesk saw further movement: 120,000 HYPE moved to Bybit, worth $8.25 million, and 80,000 HYPE are being sold on Hyperliquid, worth $5.7 million.