Papertrade was the #1 revenue protocol in crypto 10 days ago.
today CT is calling it a rug.
here’s what flipped it. an overnight memo made
$PAPER non-transferable, with no plan to change that. no spot, no exit.
the same memo swapped the flat mint rate for a curve that, in their own words, “slowly dilutes older holders.”
so everyone who burned real money minting PAPER, expecting to sell it one day, just learned they can’t.
mentions of rug, scam and ponzi hit a record 18 in a single day. we’ve never tracked this project this red.
the product still earns. the trust is what cracked.
this is how fast a narrative turns, and we watched it happen hour by hour in Cookie Pro 🍪
cookie.fun