Lookonchain
A Papertrade trader generated $10.1 billion in launch-day volume, lost $979,000 and earned 252 million PAPER tokens. The trader then stopped trading and staked the full PAPER balance.
Why it matters
The account has since claimed $1.73 million in USDC rewards from staking, while the trader is described as being up $762,000 overall. The figures put Papertrade's trading incentives and staking economics in the same frame.
Market impact
Over the past three days, the account earned an average of $220,000 per day without further trading, based on the reported rewards. For PAPER participants, the case highlights how launch activity can create a large token position, while staking can become the main source of subsequent returns.
Source: [Papertrade](https://exchange.papertrade.xyz/portfolio?view=0x35b29bdd690f95fe35c9645f21866b04616295a7&tab=staking&range=all&mode=pnl)
Frequently asked questions
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How much trading volume did the Papertrade trader generate?
The trader generated $10.1 billion in trading volume on Papertrade's first day.
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What happened to the trader's launch-day position?
The trader lost $979,000 during launch-day trading but earned 252 million PAPER tokens.
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How did the trader earn the USDC rewards?
After stopping trading, the trader staked the 252 million PAPER tokens and claimed $1.73 million in USDC rewards.
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What was the trader's recent average daily reward?
The account earned an average of $220,000 per day over the past three days without further trading.
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What was the trader's reported overall gain?
The trader is described as being up $762,000 overall.
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