$HYPE fell 3.8% in 24 hours to $70.95, driven by Nvidia CEO Jensen Huang’s resignation, which sparked whale activity on Hyperliquid.

A Hyperliquid whale added $9.35 million to its Nvidia long with an additional $3.04 million order at 20x leverage; Micron longs totaled $30.69 million.

$HYPE volume was $820 million (5% of market cap), ranked 10th, and was down 9.5% over 7 days. Watch for risks from high leverage and volatility.