Hyperliquid Whale Bets $5.4M Against Nvidia Over Jensen Huang’s Spy Scandal
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A Hyperliquid trader opened a 10x leveraged short on 30,000 Nvidia perpetual futures contracts, a position worth roughly $5.4 million, according to blockchain tracker Lookonchain. The wallet, labeled 0xc3ed…00dd, built the bet after Nvidia CEO Jensen Huang acknowledged an affair with a woman a reported U.S. intelligence memo links to Chinese espionage. The trade marks one of the larger directional positions on Hyperliquid’s perpetuals venue and shows crypto derivatives being used to express views on traditional equity names. Nvidia’s share price reaction and whether the wallet adds to or unwinds the short are the key things to watch.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
Named in this story
Hyperliquid (HYPE), Nvidia (NVDA), Jensen Huang, Lookonchain
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