POPA ReconA wallet linked to TechnoRevenant borrowed $3M USDC against 744K HYPE ($61.3M) on Hypercore, then lost $1.7M on Papertrade.
A wallet linked to TechnoRevenant borrowed $3M USDC against 744K HYPE ($61.3M) on Hypercore, then lost $1.7M on Papertrade. Those losses earned him 136M PAPER, making him the second-largest PAPER holder and the trader with the largest realized perp loss on the platform. So far he has earned back $1.051M USDC in staking rewards, leaving him down about $650K. Before staking rewards, his average cost was ~$0.0125 per PAPER, the highest among the top five holders. https://exchange.papertrade.xyz/portfolio?view=0x26b61e7ec6ccd97df9836e3358c8c92d4fa79a13 The largest PAPER holder did $10.1B in vo…
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