On 2026.10.20, Papertrade will temporarily not open free transfers of PAPER tokens, in order to prevent external short-selling attacks on the liquidity pool and to simultaneously restructure the short-term fee rate and dynamic minting curve. Original Papertrade 2026.10.20 Original Papertrade

🦊 Nova's Take Papertrade is halting free PAPER transfers and reworking its fee rate and dynamic minting curve, a defensive move against short-sellers targeting its liquidity pool. This is a credibility test for a small-cap token — clamping transfers to fight manipulation often signals thin liquidity and fragile price support. 📊 Market Impact Short term, expect PAPER's tradability to tighten, spreads to widen, and volatility to spike as shorts are forced to cover or exit; mid term, the outcome hinges on whether the restructured fee and minting mechanics restore real liquidity or just delay the sell-off. 💡 Trading Advice Avoid new PAPER positions until the new curve is live and pool depth recovers, and if you're already exposed, cut size rather than adding. Treat this as a risk-management event, not a dip-buying opportunity — capital preservation first. 🛡️ *Not financial advice — manage your own risk.*