Nvidia perp liquidations hit $40.86 million, nearly double XRP's, per CoinGlass

By Khal · · 1 min read

Editorial illustration: An Nvidia-branded chip rests on green glass shards in a large dark tray beside a smaller tray holding an XRP token and clear glass shards.
AI-generated editorial illustration · AI-generated editorial illustration · Published Nov 14, 2026, 4:05 p.m. (37 minutes ago)

In brief

  • Nvidia contract liquidations on crypto exchanges totaled $40.86 million, per CoinGlass data.
  • XRP liquidations reached $20.75 million over the same period, about half the NVDA figure.
  • Hyperliquid's NVDA-USDC perpetual set a record $2.14 billion in daily volume, trailing only Bitcoin.
  • Crypto exchanges liquidated 187,389 traders for $1.65 billion over 24 hours, mostly longs.

A stock perp near the top of Hyperliquid

The NVDA-USDC perpetual on Hyperliquid (a contract supplied by the Trade.xyz protocol) hit a record $2.14 billion in daily volume, per CoinGlass data cited by U.Today. Only Bitcoin traded more on the venue over the same stretch. That put Nvidia futures ahead of Ethereum, Solana and XRP in trading volume.

The bigger number is cross-venue: combined Nvidia derivatives volume across every crypto exchange CoinGlass tracks reached $9.51 billion.

Where the $40.86 million came from

The on-chain ticker XYZ:NVDA accounted for $26.23 million of the liquidations, and the base NVDA contract made up the other $14.63 million. Longs weren't the only casualties. In the base contract, $8.87 million in long positions and $5.89 million in shorts were liquidated, so it's clear both sides of the trade got caught.

The largest single liquidation on Hyperliquid was a $1.54 million long position. Over the same period, U.Today reported, Nvidia futures on crypto exchanges rose 5.6% to $171.17.

Nvidia's liquidations were almost twice XRP's.

XRP and the wider sell-off

XRP traders lost $20.75 million. The token fell 2.5% to $1.0192, U.Today reported, and long positions made up 94.5% of XRP liquidations ($19.6 million).

It wasn't an isolated move. U.Today reported the liquidations came amid a sell-off across major cryptocurrencies, with Bitcoin dropping below $70,000 to $69,450.50 (down 5.3% over 24 hours) and Ethereum falling 4.1% to $1,958.71.

CoinGlass data showed crypto exchanges liquidated 187,389 traders for a total of $1.65 billion over 24 hours, with 88% of that coming from long positions. Bitcoin traders lost the most at $919.56 million; Ethereum traders followed at $297.24 million.

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