Papertrade’s Wild Weekend Ends With 93.7% Open Interest Wipeout

6 outlets reporting

Your call?🐂 Bullish🐻 Bearish

93.7%

open interest wipeout

$HYPE

$86.63

+1.4%

After a whirlwind of trading activity on Papertrade, the newly launched perpetuals decentralized exchange (DEX) built on Hyperliquid, the platform’s open interest has collapsed by 93.7% over the past 24 hours. The project’s total value…