Hyperliquid will hold a vote on whether to delist perpetual contracts such as TST, and a certain whale is suspected of arbitrage using game-theoretic settlement mechanisms.

CoinFeed reported on May 4th that MLM noted TST's intraday surge of over 110%, reaching its highest point since October of last year. On-chain data shows that an address transferred approximately 900,000 USDC from Bitget 24 hours ago and established a large long position on Hyperliquid. As of now, this address holds 133.6 million TST (worth approximately $3 million), with unrealized profits of approximately $1.05 million, representing a return exceeding 50%. Furthermore, it is reported that Hyperliquid validators are expected to vote within 24 hours on whether to delist perpetual contracts such as TST and ZEREBRO.