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Papertrade blocks off-contract PAPER token transfers to prevent price manipulation risks.

Protocol Fundamentals
20 Oct 2026
Tokenpost
View Source
Neutral
Papertrade blocks off-contract PAPER token transfers to prevent price manipulation risks.

Papertrade announced it will not allow PAPER tokens to be transferred outside its platform contracts due to concerns that derivatives linked to PAPER could enable price manipulation of Bitcoin and Ether used in its synthetic perpetual contracts. Launched on October 10, Papertrade mints PAPER tokens for trades closed at a loss and liquidations, which users can stake for USDC rewards. The platform fears that allowing off-contract transfers could let traders short PAPER in external derivatives markets and manipulate prices to benefit their positions, a risk it cannot control. PAPER perpetuals are traded on platforms like Hyperliquid and Aster, but Papertrade limits token movement to maintain control over exposure.

Papertrade's policy on PAPER token transfers is the subject, with Pluang market data as context for readers. As of Oct 20, 2026 13:21 WIB, among 50 major cryptocurrencies priced on Pluang, 17 rose and 32 fell. Notable movers include BAL at Rp16.297 with an 11.14% increase, BAT at Rp3.530 up 10.53%, and EOS at Rp12.649 rising 8.13%.

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