On Hyperliquid, a Position in Nvidia Was Liquidated for $1.54 Million After Huang's Resignation

On the decentralized platform Hyperliquid, a long position on contracts tied to Nvidia shares, with a nominal value of $1.54 million, was liquidated. According to the analytical company Lookonchain, the trader lost the position following the announcement of Nvidia CEO Jensen Huang's resignation on November 12, 2026. The interim head of the chip manufacturer has been appointed as CFO Colette Kress.

How the $1.54 million position liquidation unfolded

Wallet 0x7368 held 9,959 NVDA contracts, calculated for a rise in quotes. According to published data, the liquidation occurred in two operations of approximately $1.23 million and $307,530 at a price of about $154.40 per contract. The mentioned $1.54 million is the value of the closed position, not the confirmed amount of the trader's own funds lost.

On Hyperliquid, perpetual futures track the price of Nvidia, not the company's shares themselves. Such instruments allow trading with leverage, so sharp price fluctuations can lead to forced position closures.

Another $31.14 million position remained open

Another market participant held about 190,950 NVDA contracts valued at $31.14 million with leverage of approximately 5x. According to Hypurrscan, with an average entry price of $174.43, his unrealized loss reached $2.17 million. The estimated liquidation price was $86.67, but at the time of observation, the position remained open.

Open interest in NVDA reached $535 million

According to Mlm on Chain monitoring, open interest in Nvidia-related contracts on Hyperliquid increased 5.8 times over the week, reaching $535 million. Among the 9,517 tracked wallets, about 83% held long positions, and the total unrealized loss of such trades was estimated at $14.6 million.

The figures relate to a specific observation moment and change with the market. The reaction of derivatives to the change in Nvidia's leadership shows that corporate news can trigger liquidations even on cryptocurrency trading platforms.