Wallets associated with TechnoRevenant incurred $1.7 million in trading losses, leaving a net loss of approximately $650,000 after factoring in staking rewards.

According to monitoring by MLM On Chain, the wallet associated with TechnoRevenant used 744,000 HYPE (valued at approximately $61.3 million) as collateral on Hypercore to borrow 3 million USDC, then incurred a $1.7 million loss on Papertrade. This loss earned the wallet 136 million PAPER tokens, making it the second-largest holder of PAPER and the trader with the highest realized perpetual contract loss on the platform. To date, the wallet has received 1.051 million USDC in staking rewards, leav

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