A wallet linked to Wintermute won approximately 76% of Hyperliquid’s highest-priority data-slot auctions over the month preceding November 13, 2026, according to Loris Tools data cited in a Bloomberg report. The figure measures auction wins by that wallet, not Wintermute’s revenue or the value accruing to Hyperliquid token holders.
Hyperliquid’s mechanism lets traders bid to see incoming buy and sell orders before they are processed. That advance view can give a winning bidder milliseconds to adjust quotes or hedge on another platform. The reported win share indicates concentrated use of the highest-priority slot, but the report provides no auction-payment totals or other inputs from which to estimate a valuation impact.
DRW founder Don Wilson had questioned the mechanism’s fairness and whether it could meet US regulatory requirements. Hyperliquid Labs said anyone can bid and that all priority-fee payments are publicly visible on-chain. Those statements address access and payment transparency; they do not resolve the valuation question.
Originally reported by Jinse Finance on November 13, 2026, at 00:59 (UTC+08:00), citing Bloomberg and Loris Tools.