Most traders on @papertrade_xyz are losing money. Of the top 25 biggest losers, 21 are still in the red after USDC rewards, while only 4 are profitable overall. Together, they generated $111.5B in trading volume and earned 2.06B PAPER (23.4% of supply). They also claimed $11.61M in USDC rewards (20.6% of total rewards). https://exchange.papertrade.xyz/leaderboard?mode=accounts&sortKey=realizedPnl&sortDir=asc&window=all