Paper token check on Robinhood: what our research found

Researched Oct 20, 2026, 01:15 UTC · Contract: 0xa32296cad5fbeef9592e17a991c3efaa70d78b07

Not checked: our research holds no contract check for this token.

Latest finding

Papertrade said on Oct 19 that $PAPER will stay non transferable for now, with no date to enable transfers or sales, as reported by AggrNews and DefiantNews. Holders who earned PAPER from trading losses can only stake it for USDC distributions, according to The Defiant. The reason given is perp attack risk. If PAPER were transferable and had external perps, an attacker could short PAPER then manipulate BTC or ETH prices to drain Papertrade's trading bankroll and profit on both legs, as explained here and here. The same update also removed the supply cap toward about 0.1 percent of supply per $1M lost, added higher fees for closes near entry and builder codes, per summaries. Some users criticized the shift from non transferable at launch to no plans for transfers, noting it changes what farmers expected.

Figures at the time of research

Price
$0.00001282
24h change
+28.25%
Liquidity
$99,675,147.00
24h volume
$13,201,324.00
24h trades
6,613
Pool created
Oct 8, 2026

Full answers

  • Oct 20, 2026, 01:15 UTC — Papertrade said on Oct 19 that $PAPER will stay non transferable for now, with no date to enable transfers or sales, as reported by AggrNews and DefiantNews. H…

Findings come from public sources as of the dates shown. They are not financial advice and not a guarantee that a token is safe.