Wintermute-Linked Wallets Spent $824,000 on Hyperliquid Auctions

Wallets carrying third-party labels linking them to Wintermute spent about $824,000 on Hyperliquid auctions over the past 30 days, an annualized pace of about $10 million.

Hyperliquid’s priority auctions give successful bidders early access to trading flow, creating a brief window to adjust quotes or hedge on other venues. The wallets reduced their bidding beginning Nov. 11, with average daily spending falling from about $30,000 to about $10,000.

The accounts’ cumulative profits since 2024 total about $229.7 million. Roughly $204 million came before the auction system launched in April 2026. During the roughly seven months after launch, the accounts recorded about $25.6 million in profits and spent about $3.58 million on seat auctions.

Those profits cannot be attributed directly to auction access: the accounts also held large hedging positions in perpetual contracts. The Wintermute connection relies on third-party labels rather than an official disclosure by the firm. In earlier auction data, a Wintermute-linked wallet won about 76% of Hyperliquid’s highest-priority auctions.