According to @boldleonidas, he is ranked 24th out of 100 in a paper-money crypto perpetual futures trading competition that offers a $1,000,000 top prize, source: @boldleonidas on X, Oct 31, 2025. He states he has never traded perps before and joined the event after a troll post, source: @boldleonidas on X, Oct 31, 2025. He explains the payout awards nothing to places 11 through 100, incentivizing extreme leverage for a first-place push and causing many otherwise skilled traders to get wiped, source: @boldleonidas on X, Oct 31, 2025. He plans to yeet his entire balance into a single outrageously leveraged trade to try to catapult into first, acknowledging a 99.9% chance of ending at zero and noting he may livestream the attempt, source: @boldleonidas on X, Oct 31, 2025. He adds there is no point in holding the current $50,000 paper balance through the end under this structure, source: @boldleonidas on X, Oct 31, 2025.