# Papertrade’s 25 Biggest Losing Traders Stayed in the Red in 21 Cases By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/35512 Published: 2026-10-20T09:52:48.000Z Updated: 2026-10-20T09:52:48.000Z Section: Investing > The group generated $111.5 billion in trading volume and claimed $11.61 million in USDC rewards, equal to 20.6% of all rewards distributed. Twenty-one of Papertrade’s 25 traders with the largest trading losses remained net negative after USDC rewards, while four finished profitable overall. The tally shows that rewards did not make most of this group whole. The 25 traders generated $111.5 billion in trading volume and earned 2.06 billion PAPER, equal to 23.4% of the token’s supply. They claimed $11.61 million in USDC rewards, which represented 20.6% of all rewards distributed. Those percentages refer to different pools: token supply and USDC rewards. Papertrade issues PAPER when traders realize losses, and staked PAPER can earn USDC. The split results show how those rewards affected the biggest loss-making cohort: four made a profit overall, while the other 21 did not recover their trading losses. One PaperTrade wallet lost $979,000 in trading on launch day, then reached [$1.04 million in cumulative net profit through staking rewards](). That individual result contrasts with the outcome for this group of 25 traders. ## Links in this article - [$1.04 million in cumulative net profit through staking rewards](https://www.tokenpost.com/news/investing/35451)