Hyperliquid’s NVDA Contract Open Interest Reaches $68.7 Million Before NVIDIA GTC 2026
Hyperliquid tracked renewed gains in semiconductor-linked contracts, with SNDK and MU rising nearly 4% in U.S. pre-market trading as leveraged whale positions remained profitable.
HYPE
Fact Check
The specific data points (NVDA open interest of $68.7 million, SNDK/MU gains of nearly 4%, and the GTC 2026 dates) are consistently reported by both primary crypto-financial news outlets like BlockBeats and secondary aggregators like Binance Square. The timing aligns perfectly with the official NVIDIA GTC 2026 schedule (March 16-19, 2026).
Summary
Hyperliquid’s NVDA contract previously reached $68.7 million in open interest ahead of NVIDIA GTC 2026 and later swung 4.1% during Jensen Huang’s keynote, rising to nearly $189 before dropping to $181. In the latest update, Hyperliquid tracked SNDK and MU contracts rising nearly 4% in U.S. pre-market trading. A whale opened a 4x leveraged SNDK long worth about $1.37 million at an average price of $688.5, while a Continue Capital-linked address continued to hold roughly $15 million in NVDA and MU long positions with about $547,000 in unrealized profit.
Terms & Concepts
- Open interest: The total value of outstanding derivatives positions that have not been closed or settled, often used to gauge market participation.
- Hyperliquid: A crypto trading platform focused on onchain derivatives, allowing users to trade perpetual and other crypto-linked contracts.
- Unrealized profit: Paper gains on an open position based on current market prices, which are not locked in until the position is closed.