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Nvidia perpetual futures fall about 3% on Hyperliquid after CEO scandal

Perpetual futures tied to Nvidia shares dropped about 3% on the Hyperliquid trading platform. Traders were reacting to a scandal involving CEO Jensen Huang, and one large trader opened a leveraged short bet.

Illustration: A busy trading floor seen from behind, traders with hands on their heads, large screens printed in pink-red.
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Perpetual futures linked to Nvidia stock fell about 3% on Hyperliquid. A perpetual future is a contract that tracks an asset's price and has no expiry date. Hyperliquid is a crypto trading platform that lists such contracts.

The drop came as the market responded to a scandal involving Nvidia chief executive Jensen Huang. The material describes it as a Chinese spy scandal. No further details about it are given.

NVIDIA$162.43down −26.60%over 1 month
$221.97$162.4314 Oct13 Nov

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

A whale, meaning a very large trader, opened a short position on 30,000 NVDA perpetual contracts on the platform. A short position is a bet that a price will fall. The trader used 10x leverage, which means borrowed money magnifies both gains and losses tenfold.

The material gives no prices, dollar values or later moves. It is not clear how far the contracts have moved since the first drop.

$1,000 in NVIDIA

Had you put $ into NVIDIA a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

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This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

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