EmberCN said on Oct. 16 that the top three addresses by trading volume on Hyperliquid-based Papertrade had each surpassed $10 billion in turnover in less than six days since the platform launched its loss-mining program on Oct. 10. The highest-volume address recorded $11.6 billion in trades, took a $780,000 trading loss, received 46 million PAPER tokens, and posted an acquisition cost of $0.017 per token. The second address reached $10.3 billion in volume, lost $930,000, received 85 million PAPER, and had a cost of $0.011. The third address logged $10.1 billion in volume, lost $980,000, received 252 million PAPER, and had a cost of $0.0039. EmberCN added that these acquisition-cost figures do not include PAPER dividends. Once dividends are factored in, the effective cost would fall further, and the third-ranked address could even end up with a negative cost basis.
According to EmberCN, the top three addresses by trading volume on Hyperliquid-based Papertrade each posted more than $10 billion in turnover in less than six days after the platform started its loss-mining program on Oct. 10.
Top three addresses by volume
The first-ranked address recorded $11.6 billion in trading volume, a trading loss of $780,000, and received 46 million PAPER tokens, putting its acquisition cost at $0.017 per token.
The second-ranked address posted $10.3 billion in volume, lost $930,000, and received 85 million PAPER, with an acquisition cost of $0.011.
The third-ranked address reached $10.1 billion in volume, recorded a trading loss of $980,000, and received 252 million PAPER, bringing its acquisition cost to $0.0039.
Dividend impact on cost
EmberCN said the acquisition-cost calculations do not include PAPER dividends. If dividends are included, the cost would fall further, and the third-ranked address could even see a negative cost basis.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
