PaperTrade drew $140M, then scrapped PAPER token transferability
- —PaperTrade pulled in $140 million in deposits before the tokenomics change
- —PAPER will remain non-transferable after the reversal
- —Odds of FDV above $25 million fell from 95% to 52% in a week
- —Early recipients face dilution fears and no secondary liquidity
Why it matters: Scrapping transferability removes secondary-market liquidity for PAPER and could erode trust in the protocol's launch model.
Source: Crypto Briefing