Nvidia Hit With $5.4 Million Leveraged Short on Hyperliquid

An enigmatic crypto whale has opened a giant leveraged short position in Nvidia (NVDA) on the decentralized trading exchange Hyperliquid amid the bombshell controversy surrounding the chipmaker's CEO, Jensen Huang. As reported by blockchain analytics firm Lookonchain, a mysterious trader opened a 10x leveraged short position involving 30,000 NVDA contracts, equivalent to around $5.44 million. The whale's massive bearish trade emerged soon after the Nvidia CEO publicly admitted to infidelity in the wake of explosive reports alleging that Jensen Huang was a target of Chinese intelligence. The mysterious trader reportedly opened the position at around $181.33 per contract. With 10x leverage, the whale would need to deposit about $544,000 as initial collateral to control a $5.44 million position.

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