Papertrade Keeps PAPER Non-Transferable Amid Oracle Manipulation Concerns

Papertrade will keep its PAPER token non-transferable amid concerns about potential oracle manipulation, leaving holders without a spot market even as derivatives tied to the token have traded. The HyperEVM-based platform mints PAPER for eligible trading losses and liquidations. Holders can stake the token for USDC distributions, but they cannot transfer it to another wallet or sell it on a spot market. The restriction has not prevented traders from taking positions in derivatives tied to PAPER. The restriction reflects concern about potential oracle manipulation in Papertrade’s perpetuals market.

Source: TokenPost