I doubt there will be millions, but even if it's over 100k it should work, it may take a while and you'll have to wait around for the market maker bots to do their thing, but there's millions of $ of daily volume on Hive/USDT on the centralized exchanges so there will definitely be market maker bots doing arbitrage providing the needed volume for the interested traders in the inner market. At least if HBD keeps being stable during all of it which we hope it does thanks to the DHF proposal and @hbd.funder rewards being used to stabilize it. Another reason as to why those are important.
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Imagine Hive dropping 20% in price (quite likely after the snapshot) while you wait for days to sell back your Hive for HBD. Seems like a very big risk if you have put a lot of your wealth in HBD savings.