The original statue was handed over in 1939 in memory of the victims killed by the Soviet Republic. It was demolished in 1945! The Orbán government rebuilt it.
Parliament restored it in 2019.
The man represents Hungarianness, the monster represents Bolshevism.
I have already taken a photo of the other side of the statue. https://365project.org/kork/365/2022-07-11
Unfortunately, the translation is not the best!