PANews May 4 news, MLM posted a reminder that TST's daily increase exceeded 110%, reaching the highest price since October last year. On-chain data shows that a certain address transferred about 900,000 USDC from Bitget 24 hours ago and established a large long position on Hyperliquid.

As of now, the address's holding scale has reached 133.6 million TST (worth about 3 million USD), with unrealized floating profit of about 1.05 million USD, and the yield has exceeded 50%.

According to other news, Hyperliquid validators are expected to vote within 24 hours on whether to delist perpetual contracts such as TST and ZEREBRO. If the proposal passes, the settlement will be based on the 1-hour TWAP spot oracle price before delisting, which may provide an arbitrage channel for large positions to avoid slippage and exit at expected price levels. Overall, this incident reflects the current situation where some funds use platform mechanism design for strategic gaming, which may intensify the price volatility of related assets in the short term.

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