Annualized spending is about $10 million, and Wintermute's cumulative profits cannot be directly attributed to trading priority

Odaily reports that Wintermute spent approximately $824,000 over the past 30 days in Hyperliquid's trading flow priority auction, which annualizes to about $10 million in spending. Psyche stated that Wintermute's cumulative account profits since 2024 amount to about $229.7 million, of which approximately $204 million was realized before the auction mechanism launched in April 2026; in the roughly 7 months after the mechanism went live, account profits were about $25.6 million, while seat auction spending during the same period was about $3.58 million. The relevant accounts also hold substantial perpetual contract hedge positions, so cumulative profits cannot be directly attributed to trading priority. Wintermute has reduced its bidding since November 11, with average daily spending dropping from about $30,000 to about $10,000; the attribution of the relevant wallets relies on third-party labels and was not officially disclosed by Wintermute.