Whale Trader Drives Hyperliquid to Victory, Accumulating $55.4 Million in Fees in May

On May 26th, on-chain data analyst @ai_9684xtpa stated on social media that the large contract operations of whales such as James Wynn have made Hyperliquid the ultimate winner. The data shows that as of May, Hyperliquid has collected a total of $55.4 million in fees. On May 21st, the fee and protocol revenue reached a peak since 2025, with a daily fee of up to $4.65 million. Interestingly, this was the day when James (with a long position) and the "insider address" (with a short position) opened opposing positions, and the total position size reached $1.2 billion for the first time. In addition, HYPE also broke through $39 this morning and hit a new all-time high. Currently, it is priced at $39.4, with a 24-hour increase of 14.2% and a 24-hour trading volume of $277 million.