Papertrade Keeps PAPER Non-Transferable, Citing Perp Attack Risks

Papertrade has decided to keep its PAPER token non-transferable, citing risks of perpetual-contract attacks, even though holders who earned PAPER through trading losses can stake it for USDC distributions. There is still no date for when holders will be able to transfer or sell their tokens. This is a project-specific token-design update with limited broader market relevance, though it highlights ongoing concerns about perp market manipulation and token liquidity for PAPER holders.