$PAPER Token Collapse: Tokenomics Change, Perp Delisting
Papertrade.xyz overhauled tokenomics post-farming, triggering mass losses. Aster DEX then placed the $PAPER pre-launch perpetual in reduce-only mode and announced a full delisting at 01:45 UTC Oct 20.
What we know
An account on X called out papertrade_xyz for changing tokenomics after people had already farmed and burned money: "imagine if you farmed late, you just got rekt so hard right now." Hours later another account on X broke that Aster DEX put the $PAPER perp in reduce-only mode, delisting at 01:45 UTC Oct 20. Another account on X took a more analytical view, suggesting traders study Standard Reserve mechanics — fees going to LPs and last-man-standing dynamics — as a teachable primitive.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.