Lookonchain
Machi, known online as @machibigbrother, has $5,682 left on Papertrade after nearly exhausting a $261,000 deposit made yesterday. The account shows $779,000 in trading losses and $394,000 in USDC staking rewards, leaving a net loss of $382,000.
The figures offer a stark view of the risk in speculative synthetic perpetuals trading. Staking income softened the result, but covered only about half of the trading losses, while the remaining balance represents a small fraction of the recent deposit.
Source: [Papertrade](https://exchange.papertrade.xyz/portfolio?view=0xad1215e79ed05c3e196a4e85066de41ec9004b41&tab=cashflow)
Frequently asked questions
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How much did Machi have left in the Papertrade account?
Machi had $5,682 left after depositing $261,000 the previous day.
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What were Machi's total trading losses?
The account showed $779,000 in trading losses.
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How much did USDC staking rewards contribute?
USDC staking rewards contributed $394,000, offsetting part of the trading losses.
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What was Machi's net loss on Papertrade?
The trading losses and staking rewards left a reported net loss of $382,000.
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What type of trading does Papertrade offer?
Papertrade offers synthetic perpetuals, a form of speculative derivatives trading.
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