The deployer of USDH unstaked 1.01 million HYPE valued at $72.45 million and redistributed part of the position. According to the provided details, 209,984 HYPE was transferred to a new wallet, while 200,000 HYPE was deposited to Flowdesk. From that amount, 120,000 HYPE worth $8.25 million was sent to Bybit and 80,000 HYPE worth $5.7 million was being sold on Hyperliquid. The activity shows that a portion of previously staked tokens moved into active circulation across custody, exchange, and trading venues.