Hyperliquid Whale Faces $2.57 Million Loss on $33.31 Million Nvidia Long

A massive Nvidia long position on decentralized derivatives exchange Hyperliquid is facing approximately $2.57 million in unrealized losses after shares slipped below $160 in after-hours trading. An unidentified whale initiated the platform's largest Nvidia long bet by purchasing 191,000 synthetic shares at an entry price of $174.40, totaling roughly $33.31 million in notional value. The subsequent price drop below $160 triggered substantial paper losses, raising liquidation risks and vulnerability for the outsized leveraged position.