On May 26, on-chain data analyst @ai_9684xtpa posted on social media that large contract operations by whales like James Wynn led Hyperliquid to become the ultimate winner. Data shows that Hyperliquid has accumulated transaction fees of $55.4 million since May, with transaction fees and protocol revenue reaching a peak since 2025 on May 21, with a single-day transaction fee as high as $4.65 million, which was the day when James (long position) and the "insider address" (short position) opened opposing positions and their positions first reached $1.2 billion.
Additionally, HYPE broke through $39 this morning, creating a new all-time high, currently priced at $39.4, with a 24-hour increase of 14.2% and a 24-hour trading volume of $277 million.
