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Papertrade Perp DEX Pulls in $118M in 24 Hours With 1,000x Leverage

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Bitcoin.com
Papertrade Perp DEX Pulls in $118M in 24 Hours With 1,000x LeverageWorldPing
Image via Bitcoin.com.

What happened

This weekend, a new cryptocurrency trading platform built on Hyperliquid, known as Papertrade.xyz, has become a lively topic of conversation across the crypto community.

Key facts

  • Reported by Bitcoin.com and published Sat, 10 Oct 2026 17:14:45 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Being right about Bitcoin won’t save your 3x leveraged ETF position

  2. Papertrade Perp DEX Pulls in $118M in 24 Hours With 1,000x Leverage

Sources

The original report was published by Bitcoin.com. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Bitcoin.com

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