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Crypto DeFi

Address Executes 1,012 Trades on Papertrade, Loses $979K, Ultimately Nets $17,800 Profit

According to a report by on-chain tracking tool Lookonchain on October 12, an address executed 1,012 trades on Papertrade, with cumulative trading volume reaching $10.1 billion, but ultimately recorded a trading loss of $979,000. The address received 252 million PAPER tokens as compensation for the loss, and additionally earned 997,000 USDC in staking rewards, resulting in a net profit of $17,800.

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