Huo Xing Finance reports that, according to Lookonchain, as of October 20, among the top 25 largest losers on Papertrade, 21 individuals remained in loss even after receiving USDC rewards, while only 4 achieved overall profitability. Together, they generated $111.5 billion in trading volume and earned 2.06 billion PAPER tokens (23.4% of the total supply). They collectively claimed $11.61 million in USDC rewards (20.6% of the total rewards).
Paper Trade Top 25 Losers Stay in the Red Despite USDC Rewards
MarsBitShare
Summary
Top altcoins posted mixed results on Papertrade as of October 20, with Lookonchain data showing that 21 of the top 25 losers remained in the red despite USDC rewards. Only four traders turned profitable. These traders generated a trading volume of $111.5 billion, earned 2.06 billion PAPER (23.4% of the total supply), and received $11.61 million in USDC rewards (20.6% of the total). Top altcoins continue to face pressure, as trading volume underscores ongoing market volatility.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.