Ethereum
Trader Makes $1.28 Million on Papertrade by Moving Hyperliquid ETH Prices
CoinCentral·October 12, 2026·1 min read
A wallet made about $1.28 million on new exchange Papertrade within hours of its Saturday launch by moving ETH prices on Hyperliquid. The same wallet lost $450,000 when 30 short positions were liquidated Saturday night. Papertrade is tightening open interest caps after what it called manipulation attempts.
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