Whale opens 10x short on 30,000 NVDA perps on Hyperliquid

A roughly $5.44 million leveraged bet against Nvidia landed on a crypto exchange after reported disclosures involving CEO Jensen Huang A large trader on Hyperliquid has opened a 10x leveraged short on 30,000 NVDA perpetual contracts. The position is worth about $5.44 million. According to the post on X that flagged the trade, it followed reports that Nvidia CEO Jensen Huang had admitted to an affair. The bet went down on a decentralized crypto exchange rather than a stock brokerage. Wall Street’s biggest chip stock, shorted with stablecoin collateral, is quite a sentence to write. The trade, by the numbers The short was entered at approximately $181.33 per contract, based on the research findings reviewed for this article. Multiply that by 30,000 contracts and you land at roughly $5.44 million in notional exposure. The original X post rounded it to about $5.4 million. The leverage is the part worth pausing on. At 10x, the trader only needs to post about a tenth of the position’s value as collateral. The flip side is unforgiving. A move of roughly 10% against the position could erase that collateral, and maintenance requirements and fees mean liquidation would likely arrive before t...