433000 HYPE redeemed by HyperLabs received and distributed to 9 wallets

According to on chain analyst Yu Jin's monitoring, 433000 HYPEs ($24.25 million) that HyperLabs applied for redemption a week ago were received early yesterday morning and distributed to 9 wallets early this morning. These HYPEs may have flowed into centralized exchanges through market maker Flowdesk.