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Papertrade Address Accumulates $1.73 Million in USDC Staking Rewards

The address recorded $10.1 billion in first-day volume and received 252 million PAPER before stopping its trades and staking the tokens.

By Enna Lee
Published
Mentioned assets
A matte token disc sits inside a clear glass staking chamber / TokenPost.ai (mono)
A matte token disc sits inside a clear glass staking chamber / TokenPost.ai (mono)

An address accumulated $1.73 million in USD Coin (USDC) staking rewards on Papertrade after ending trading following a $979,000 first-day loss on the platform.

The address generated $10.1 billion in volume on Papertrade’s first day and received 252 million PAPER. It later stopped trading and staked the tokens, with its USDC reward value reaching $1.73 million by Oct. 16.

That reward total is up from 997,000 USDC in an earlier update on the same address.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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