21 of Papertrade's top 25 losers have a cumulative trading volume of $111.5 billion

Odaily reports that Lookonchain posted on X platform that most traders on the Papertrade platform are in a loss position. Among the top 25 traders by loss amount, 21 remained in loss even after accounting for USDC rewards, with only 4 overall profitable. The above traders had a cumulative trading volume of $111.5 billion, received 2.06 billion PAPER, accounting for 23.4% of the total supply; they claimed $11.61 million in USDC rewards, accounting for 20.6% of the total rewards.