A certain whale traded on Papertrade with 1000x leverage, accumulating losses of approximately $1 million.

BlockBeats news, October 11: According to TradingBeats monitoring, address 0x6f25...4acc has accumulated a trading volume of approximately $10.301 billion on Papertrade, with historical trading losses of approximately $933,200, and currently holds no positions. Its 1,058 settled positions all used 1000x leverage, of which 37 were liquidated, resulting in cumulative margin losses of approximately 361,000 USDC, involving BTC and ETH.

Meanwhile, this address has staked approximately 84.98 million PAPER, accounting for about 1.59% of the platform's total staked amount, and has cumulatively claimed approximately 223,900 USDC in rewards.