Hyperliquid whale opens $5.4M 10x short on Nvidia-linked perpetuals

A whale opened a 10x leveraged short position on 30,000 Nvidia stock-linked perpetual futures contracts on Hyperliquid, with a position size of about $5.37 million and an average entry price of $181.33, according to on-chain analytics firm Lookonchain. The trade began on Nov. 8, shortly after the release of a document raising allegations about Nvidia CEO Jensen Huang’s private life and ties to Chinese intelligence agencies. At the time, the Nvidia perpetual futures price was around $179, about 4% below the previous Nasdaq close of $186.64. The whale later also opened a 30x BTC short position worth about $15 million, Lookonchain said.