Papertrade_xyz: Top Traders Top $10B Volume in Loss Mining

Papertrade_xyz on the Hyperliquid chain launched loss mining on the 10th. In under six days the top three volume traders each cleared more than $10 billion. The leader recorded $11.6 billion in volume, booked a $780,000 loss and received 46 million PAPER at an effective cost of $0.017. Second place hit $10.3 billion volume with a $930,000 loss for 85 million PAPER at $0.011. Third place reached $10.1 billion volume, lost $980,000 and earned 252 million PAPER at $0.0039. Dividends from the mined tokens, excluded from the cost figures, would reduce those costs further and could turn the third-place result negative.