Odaily Planet Daily reports, according to Lookonchain monitoring, an address conducted trades totaling $10.1 billion on the first day of PaperTrade’s launch, incurring a loss of $9.79 million while acquiring 2.52 billion PAPER tokens. Since then, the address has ceased trading and continued staking PAPER, with staking rewards now offsetting the prior loss and generating an additional profit of $1.04 million.
Address Earns $1.04M After Staking 252M PAPER Tokens on PaperTrade
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Summary
On-chain data shows that a wallet address executed $101 billion in trades on PaperTrade’s launch day, losing $9.79 million before acquiring 252 million PAPER tokens. The address ceased trading and staked its PAPER, with on-chain analysis revealing that subsequent rewards offset the initial loss and generated a $1.04 million profit.
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