Intel Slides 22% After Hours as $7.57M INTC Long Opens on Hyperliquid

Intel shares dropped 22% in after-hours trading Thursday as a Hyperliquid wallet held an INTC long opened at roughly $7.57 million, a sizable position during a sharp sell-off.

Intel projected fourth-quarter revenue of $15 billion to $16 billion, compared with a $17.1 billion market expectation. The outlook range was $1.1 billion to $2.1 billion below that benchmark, including a $1.1 billion gap at its top end.

The largest INTC long address on Hyperliquid, 0x54b2…af8a, had an average entry price of $71.40 and a liquidation price of $47.64. It held about 105,950 INTC units, valued at roughly $7.45 million, with an unrealized loss of about $140,000. The reported opening size was $7.57 million, while the position's current valuation was about $7.45 million.

A long position is structured to benefit from a rise in the asset's price. The liquidation price is the quoted level at which the position may be forcibly closed. The wallet's listed liquidation level was $23.76 below its average entry price. Its loss remained unrealized, rather than finalized.