According to CoinMeta, and as reported by Bloomberg, over the past month, a wallet associated with Wintermute won approximately 76% of the auctions for Hyperliquid priority data bits. This mechanism allows traders to bid and view incoming buy and sell orders in advance of order processing, thereby gaining a few milliseconds to adjust their quotes or hedge on other platforms. The founder of DRW, Don Wilson, has questioned the fairness of this mechanism and whether it meets U.S. regulatory requirements. Hyperliquid Labs stated that anyone can participate in bidding, and all priority fee payments are made publicly on the blockchain.