papertrade: Three users generate over $32 billion in trading volume in less than 6 days, with cumulative losses of $2.69 million

Odaily News: According to on-chain analyst Ember, Perp @papertrade_xyz on Hyperliquid, since launching loss-mining on the 10th, in less than 6 days, the trading volume of the top three addresses has each exceeded $10 billion.

The first-ranked address had a trading volume of $11.6 billion, trading losses of $780,000, and obtained 46 million PAPER through loss-mining, with a token acquisition cost of $0.017; the second-ranked address had a trading volume of $10.3 billion, trading losses of $930,000, and obtained 85 million PAPER through loss-mining, with a token acquisition cost of $0.011; the third-ranked address had a trading volume of $10.1 billion, trading losses of $980,000, and obtained 252 million PAPER through loss-mining, with a token acquisition cost of $0.0039.

The above token acquisition costs do not include dividends from PAPER earned through mining. If relevant dividends are included, the token acquisition costs will decrease further, and the third-ranked address's token acquisition cost will turn negative.