Arthur Hayes, co-founder of BitMEX, speculated that James Wynn may be counter-trading on another address to farm Hyperliquid’s next airdrop and called the whole sequence 'one of the best exchange marketing campaigns ever'

Quotes that support claims

I’m starting to think this might go down in crypto history as one of the best exchange marketing campaigns ever. $HYPE for the win. Also this dude is probably just farming the next airdrop by counter trading on another dark address.” Arthur Hayes stated

From another perspective, agreeing with Evgeny Gaevoy, Arthur Hayes, Co-founder of BitMEX exchange, also hypothesized that Wynn may have used hedging transactions at an anonymous address to optimize the benefits from Hyperliquid’s next airdrop round.