Allegations surface of price manipulation on perpetual futures platform Papertrade, operating on HyperEVM. User Boblob suspects two wallets made ~$20M trades on Hyperliquid, influencing ETH price by 0.1-0.2%. Simultaneously, over $100M in long positions were reportedly opened on Papertrade. Papertrade's pricing uses Hyperliquid's BBO midpoint, potentially allowing such trades to affect profitability. Papertrade's docs acknowledge BBO price manipulation as a protocol risk. Allegations unverified; no financial losses confirmed by the platform.

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