Trader loses $979K on Papertrade's first day but nets $1.04M from staking PAPER
- —First-day trading produced a $979,000 loss on $10.1 billion in volume
- —The trader received 252 million PAPER tokens for the activity
- —Staking PAPER generated $1.04 million in net profit
- —Address 0x35b2 has not traded since the launch day
Why it matters: The case shows how generous launch staking rewards can offset heavy trading losses and distort real returns for early users.
Source: PANews