Papertrade Traders Lose $18.2 Million as Staking Rewards Reach $12.6 Million
Papertrade traders recorded losses of about $18.2 million to $18.6 million, while staking rewards on the platform reached about $12.57 million to $12.6 million. The rewards were distributed to PAPER stakers rather than sent back to the individual traders who lost money.
What this rests on
What it means
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People trading on Papertrade are the ones directly affected today, because the platform recorded losses for traders while staking rewards were paid out to PAPER stakers. That means the rewards flow to stakers rather than back to the traders who lost money.
In practice, the distribution of money on the platform is not the same as a reimbursement to each losing trader. The setup still leaves trading losses on traders and staking payouts on stakers, even though the amounts are reported alongside each other.
Market reaction
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Crypto Briefing
adds
Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.0 years ago | BTC a 1.152e+05 $ high | today it sits -29.3 % from there |
| 4 months ago | BTC a 5.857e+04 $ low | today it sits +39.2 % from there |
From what we have stored, starting 1.0 years ago.