Papertrade’s 25 Biggest Losing Traders Stayed in the Red in 21 Cases

Twenty-one of Papertrade’s 25 traders with the largest trading losses remained net negative after USDC rewards, while four finished profitable overall. The tally shows that rewards did not make most of this group whole. The 25 traders generated $111.5 billion in trading volume and earned 2.06 billion PAPER, equal to 23.4% of the token’s supply. They claimed $11.61 million in USDC rewards, which represented 20.6% of all rewards distributed. Those percentages refer to different pools: token supply and USDC rewards. Papertrade issues PAPER when traders realize losses, and staked PAPER can earn USDC.

Source: TokenPost