Papertrade wallet loses $979K trading but still ends up profitable
- —Wallet 0x35b2 executed 1,012 trades worth $10.1 billion on Papertrade
- —Net loss on positions reached $979,000
- —Losses earned 252 million PAPER and about $997,000 in USDC staking rewards
- —Final profit was roughly $17,800, excluding PAPER still held
Why it matters: Loss mining rewards traders for losing money, diluting honest stakers' share and raising questions about Papertrade's model sustainability.
Source: Journal du Coin