USDH Deployer sells portion of HYPE holdings after unlock

According to Onchain Lens, the USDH Deployer address began transferring and selling a portion of its HYPE holdings starting about 12 hours ago. The address first unlocked 1.01 million HYPE, worth approximately $72.45 million, before transferring 209,984 HYPE ($15 million) to a newly created address. Additionally, it moved 200,000 HYPE ($13.76 million) to liquidity provider Flowdesk, of which 120,000 HYPE was sent to Bybit. The remaining 80,000 HYPE is currently being sold on Hyperliquid.