NVDAB Dips Amidst Nvidia CEO Jensen Huang Corporate Scandal
NVIDIA Tokenised bStocks (NVDAB) price fell 1.53% to $179.29 on Monday, underperforming a slightly positive Bitcoin, driven mainly by a corporate scandal involving CEO Jensen Huang.
The move is a clear alpha event, decoupled from the broader crypto market. Traders attribute the movement to a corporate scandal and an investigation into CEO Jensen Huang over an alleged affair linked to Chinese espionage, sparking a sell-off in Nvidia-linked assets.
Nvidia’s board announced an independent investigation into CEO Jensen Huang following reports he had a relationship with a business executive allegedly recruited by China’s Ministry of State Security.
This created uncertainty over leadership and national security risks, directly impacting investor sentiment toward all Nvidia-linked assets, including its tokenised stock.
The price drop directly reflects company-specific bad news, not broader crypto market conditions. Updates on the board’s investigation and any political fallout from a requested congressional briefing by November 11 will guide market sentiment and trading direction.
Derivatives markets amplified the move. A whale shorted 30,000 Nvidia perpetual futures contracts on Hyperliquid after the news broke. At the same time, NVDAB’s 24h trading volume surged 596.94% to $109 million, signalling intense selling pressure and panic.
The high volume confirms the news was the catalyst, while leveraged shorts added downward momentum. The technical structure broke below key support. NVDAB trades well below its 50-week exponential moving average (near $199).
Technical traders said the next major support zones are $170.24 and $164.27. The trend is bearish, driven by unresolved uncertainty around fundamentals. If selling pressure continues, it will likely test $164.
The market now looks forward to Nvidia’s Q3 earnings report on November 17. A positive report and a cleared investigation could spark a relief rally, but continued uncertainty may lead to further declines.
The sell-off is firmly rooted in a damaging corporate scandal, with high volume and derivatives activity confirming the negative sentiment. Bitcoin Price Dips Below $75k as Nvidia Scandal Weighs on Crypto
