A trader lost $979,000 on the first day of paper trading, then turned it into a profit of $1.04 million by staking PAPER.

PANews October 20 news, according to Lookonchain, trader address 0x35b2 currently has accumulated a profit of $1.04 million on the papertrade platform. This address only traded on the platform's first day of launch, with a trading volume of $10.1 billion that day, a loss of $979,000, and at the same time received 252 million PAPER tokens. Since then, it has not traded again and only staked PAPER. Staking rewards offset the $979,000 loss on the first day and additionally brought a profit of $1.04 million.