Nvidia Futures Trading Hits $2.14 Billion on Hyperliquid as Liquidations Surpass XRP

What to Know

• Nvidia futures reached $2.14 billion in Hyperliquid trading volume, surpassing Ethereum, Solana, and XRP following Jensen Huang’s resignation announcement.
• Nvidia derivatives triggered $40.86 million in liquidations, nearly doubling XRP losses as leveraged traders faced significant market volatility.
• Cryptocurrency liquidations reached $1.65 billion, with Bitcoin accounting for $919.56 million as Nvidia approached its scheduled quarterly earnings release.

Nvidia-linked derivatives attracted substantial trading activity across cryptocurrency exchanges as investors responded to leadership changes at the technology company. The NVDA-USDC perpetual contract on Hyperliquid generated a record $2.14 billion in daily volume, exceeding several major cryptocurrency contracts.

According to CoinGlass data, Nvidia futures ranked behind only Bitcoin on Hyperliquid, while Ethereum, Solana, and XRP recorded lower volumes. Trade.xyz provides the contract, and Nvidia derivatives across tracked cryptocurrency exchanges generated a combined $9.51 billion in volume.

Trading intensified following the November 12 resignation of Nvidia co-founder Jensen Huang amid an internal investigation. Chief Financial Officer Colette Kress assumed the interim CEO role as Nvidia shares experienced substantial volatility during Nasdaq trading.

The stock fell 14% intraday before recovering part of its losses and closing at $166.19. That closing price represented a 4.34% decline, while Nvidia-linked futures traded at different levels across cryptocurrency derivatives markets.

Nvidia Futures Liquidations Reach $40.86 Million as Leveraged Traders Face Heavy Losses

CoinGlass recorded $40.86 million in Nvidia futures liquidations, reflecting losses among leveraged traders during the volatile trading period. The XYZ:NVDA contract accounted for $26.23 million, while standard NVDA contracts contributed another $14.63 million in liquidated positions.

On Hyperliquid, the largest individual liquidation involved a $1.54 million long position amid changes in derivatives prices. Standard NVDA contracts recorded $8.87 million in long liquidations and $5.89 million in short liquidations during the period.

Meanwhile, Nvidia futures gained 5.6% to $171.17 across crypto exchanges despite substantial losses recorded by leveraged traders. Nvidia liquidations nearly doubled XRP’s $20.75 million, including $19.6 million from long positions as XRP declined 2.5% to $1.0192.

Elsewhere, Bitcoin fell 5.3% to $69,450.50, while Ethereum declined 4.1% to $1,958.71 amid broader cryptocurrency market weakness. CoinGlass recorded $1.65 billion in liquidations affecting 187,389 traders, with long positions representing 88% of the total.

Bitcoin accounted for $919.56 million in liquidations, followed by Ethereum at $297.24 million during the reporting period. Nvidia’s scheduled November 17 earnings release provides another corporate event for traders monitoring the company’s stock and derivatives.