# Papertrade Keeps PAPER Non-Transferable Amid Oracle Manipulation Concerns By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/35362 Published: 2026-10-20T06:17:47.000Z Updated: 2026-10-20T06:17:47.000Z Section: Technology > Aster has offered a pre-launch perpetual contract tied to PAPER with leverage of up to 3x, even though the token cannot be transferred. Papertrade will keep its PAPER token non-transferable amid concerns about potential oracle manipulation, leaving holders without a spot market even as derivatives tied to the token have traded. The HyperEVM-based platform mints PAPER for eligible trading losses and liquidations. Holders can stake the token for USDC distributions, but they cannot transfer it to another wallet or sell it on a spot market. The restriction has not prevented traders from taking positions in derivatives tied to PAPER. The restriction reflects concern about potential oracle manipulation in Papertrade’s perpetuals market. In [earlier coverage of the platform’s pricing risk](), crypto trader Rune alleged that manipulation of Hyperliquid’s best bid and offer could influence Ether (ETH) prices on Papertrade. [Aster’s PAPER pre-launch perpetual contract]() has allowed leverage of up to 3x without making PAPER transferable. ## Links in this article - [earlier coverage of the platform’s pricing risk](https://www.tokenpost.com/news/technology/29693) - [Aster’s PAPER pre-launch perpetual contract](https://www.tokenpost.com/news/investing/35109)