Ethereum 24-hour volume overtakes Bitcoin at $1.1B amid PaperTrade manipulation speculation
- —ETH 24-hour volume hit roughly $1.1 billion, overtaking BTC
- —The surge is tied to the ongoing PaperTrade incident
- —PaperTrade's docs previously flagged BBO price-manipulation risk on Hyperliquid
- —Trader Rune cited unresolved manipulation paths and weak risk controls
Why it matters: The abnormal ETH volume spike may point to manipulative activity, raising risks for traders on Hyperliquid and related protocols.
Source: PANews