A large trader opened a 10x leveraged short on Hyperliquid covering 30,000 NVDA perpetual contracts, with a notional value of about $5.44 million. The trade reportedly followed reports that Nvidia CEO Jensen Huang had admitted to an affair in a letter to company staff. Nvidia also reportedly launched an investigation into potential foreign intelligence targeting involving Huang, although the claims were not independently confirmed. Hyperliquid’s NVDA perpetual contracts recorded about $189 million in 24-hour trading volume, while open interest ranged from $57 million to $59 million. These synthetic products, settled in USDC and priced through external data feeds, allow 24-hour trading in US stocks but may diverge from traditional markets when those markets are closed.
Source: Read the original article
