Machi Big Brother loses $833,000 trading on papertrade; still down $424,000 after PAPER airdrop

October 20 — According to on-chain analyst Ai Yi, Machi Big Brother (Jeffrey Huang) has accumulated $1.56 billion in trading volume on the papertrade platform since October 10, with realized losses of $833,000, ranking 10th on the platform's loss leaderboard. He received an airdrop of 437,000 PAPER tokens, and after offsetting, his account is still down $424,000. On the platform, he mainly opens ETH long positions, with leverage ranging from 50x to 1000x, mostly 100x. Machi himself has repeatedly tweeted praising papertrade's model.