USDH Deployer Initiates Transfer and Sale of Portion of HYPE Holdings

BlockBeats News, June 3rd, according to OnchainLens monitoring, 12 hours ago, the USDH deployer began transferring some of their held HYPE. The address first unstaked 1.01 million HYPE, worth approximately $72.45 million; then transferred 209,984 HYPE (about $15 million) to a newly created wallet.

In addition, 200,000 HYPE (around $13.76 million) was sent to the liquidity provider Flowdesk, with 120,000 HYPE (approximately $8.25 million) already transferred to Bybit, and another 80,000 HYPE (about $5.7 million) currently being sold on Hyperliquid.

It is reported that a total of 1.01 million HYPE was unstaked in this transaction, and the market is closely watching its subsequent movements.