A crypto trader has suffered a $1.54 million liquidation on Hyperliquid after Nvidia CEO Jensen Huang resigned, triggering heavy selling across leveraged positions tied to the chipmaker’s sha
A crypto trader has suffered a $1.54 million liquidation on Hyperliquid after Nvidia CEO Jensen Huang resigned, triggering heavy selling across leveraged positions tied to the chipmaker’s shares.
SummaryAccording to blockchain analytics platform Lookonchain, trader 0x7368 was fully liquidated on a long position involving 9,959 NVDA contracts shortly after reports confirmed Huang’s departure on November 12.
Following reports that Jensen Huang stepped down as Nvidia CEO, trader 0x7368 got fully liquidated on his $NVDA long, with 9,959 $NVDA ($1.54M) liquidated.https://t.co/EXhYLRGtwNpic.twitter.com/ZW1JImC4qJ
— Lookonchain (@lookonchain) November 12, 2026
The wallet’s transaction records showed two liquidation orders involving approximately 7,970 and 1,990 contracts, worth $1.23 million and $307,530, respectively. Both were executed near $154.40, with the trader’s remaining position subsequently closed.
The liquidation followed a steep decline in Nvidia shares as investors reacted to the sudden leadership change.
Huang, who co-founded Nvidia in 1993 and led its transformation into the world’s dominant AI chipmaker, stepped down following a board investigation into reports concerning his personal relationships and potential national security concerns.
Chief Financial Officer Colette Kress has been appointed interim CEO while Nvidia searches for a permanent replacement. Huang will leave the company’s board.
The liquidation was not the only major loss reported among traders betting on Nvidia through crypto derivatives platforms.
Another Hyperliquid trader holding approximately 190,950 NVDA contracts, valued at $31.14 million, was reportedly facing $2.17 million in unrealized losses as Nvidia-linked perpetual futures declined.
The position was opened at an average price of $174.43 using roughly five times leverage, according to Hypurrscan data cited by Stocktwits.
Its reported liquidation price stood at $86.67, considerably below the market price at the time. Unlike the smaller trader’s position, the $31 million long remained open when the losses were reported.
Meanwhile, Nvidia perpetual futures had fallen as much as 10% on Hyperliquid after reports emerged Wednesday that the company’s board was considering removing Huang.
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Trading activity surged during the selloff, with cumulative Nvidia perpetual futures volume across crypto exchanges reportedly exceeding $4 billion, according to CoinGlass figures cited by CoinDesk.
Separate on-chain monitoring data showed that open interest in Nvidia perpetual futures on Hyperliquid reached $535 million, approximately 5.8 times its level seven days earlier.
Of the 9,517 wallets tracked, roughly 83% held long positions, while aggregate unrealized losses among bullish traders reached approximately $14.6 million.
Despite the selling pressure, some traders continued betting on a recovery. According to Lookonchain’s report, citing TradingBeats, another whale opened an $8.67 million NVDA long position on Hyperliquid at an average entry price of $160.60, using two times leverage.
As crypto.news previously reported, Bloomberg Terminal began displaying selected Hyperliquid perpetual prices in October, including contracts linked to Nvidia and other traditional financial assets.
The platform’s HIP-3 markets allow traders to take leveraged positions on stock-linked contracts outside regular equity market hours.
Huang’s departure has raised concerns among Wall Street analysts about Nvidia’s leadership and its ability to maintain its position in the artificial intelligence industry.
Gil Luria, managing director at D.A. Davidson, told Reuters that Kress was respected by investors and capable of guiding the company through a difficult period.
He nevertheless described the leadership transition as daunting, given Huang’s central role in Nvidia’s decision-making throughout its history.
Before the resignation was confirmed, Shay Boloor, chief market strategist at Futurum Equities, argued that Nvidia’s existing product pipeline and customer demand would continue supporting its business.
“I don’t see the next 12 to 18 months of revenue suddenly disappearing if Jensen were to leave,” Boloor told Reuters.
His concern centered on the company’s longer-term direction, particularly Huang’s ability to anticipate major changes in computing technology.
Technology analyst Dan Ives had similarly warned that Nvidia could lose as much as 30% of its value without Huang, citing his importance to the company’s AI strategy.
Meanwhile, Nvidia’s Asian suppliers have begun assessing the leadership change. An executive at a Taiwanese supplier told Reuters that a successor might be less aggressive than Huang when committing to new manufacturing capacity.
Armina Rosenberg, portfolio manager and co-founder of Minotaur Capital, said Nvidia’s chips scheduled for shipment over the next two years were already designed and in production, while customers’ 2027 spending plans were largely established.
Read more: Jensen Huang resigns as Nvidia CEO as Bitcoin falls below $73,000
