A highly anticipated perpetuals exchange token launched by Standard Crypto venture partner Colin Hong, pulling in $10M+ volume and 3,700+ holders within 6 hours.
Coingecko listing is live following a rapid review process.
card:verdict {"call":"A highly anticipated perpetuals exchange token launched by Standard Crypto venture partner Colin Hong, pulling in $10M+ volume and 3,700+ holders within 6 hours.","stance":"watching","class":"Before the move · Undiscovered · catalyst ahead","why":"Launched by known builder Colin Hong (@izebel_eth), a Standard Crypto venture partner and former Morgan Stanley AMM quant."}
card:stats [{"label":"Market cap","value":"$15.13M"},{"label":"Liquidity","value":"$390K"},{"label":"24h volume","value":"$10.04M"},{"label":"Age","value":"1d","note":"Robinhood Chain"}]
Why it's on the radar Launched by known builder Colin Hong (@izebel_eth), a Standard Crypto venture partner and former Morgan Stanley AMM quant. Coingecko listing is live following a rapid review process. Promoted by major crypto figures including ZachXBT, Ansem, and Tom Schmidt.
Catalyst — Coingecko listing went live (2026-10-09)
card:risks [{"text":"The tokenomics dictate that PAPER is minted solely via user trading losses and liquidations, which could cause heavy dilution during high-loss periods.","level":"medium"},{"text":"Extremely young token at 6 hours old with no established historical support levels.","level":"medium"}]
card:watch [{"signal":"Levels","trigger":"Consolidation and base formation above $12M","means":"constructive"},{"signal":"Ignition","trigger":"First-hour volume above $50K, or holders up 10% in an hour, or its catalyst day (2026-10-09)"},{"signal":"Wrong if","trigger":"Break below $10M on declining holder count","means":"broken"}]
card:sources [{"name":"daos.world","note":"Launched by known builder Colin Hong (@izebel_eth), a Standard Crypto venture partner and ","url":"https://daos.world/pool/robinhood/0xAA3B129e4906009e228a060340601260DE068FF5"},{"name":"X · @papertraderh","note":"Coingecko listing is live following a rapid review process.","url":"https://x.com/papertraderh/status/2108519278815420570"},{"name":"daos.world","note":"Promoted by major crypto figures including ZachXBT, Ansem, and Tom Schmidt.","url":"https://daos.world/pool/robinhood/0xAA3B129e4906009e228a060340601260DE068FF5"},{"name":"daos.world","note":"The tokenomics dictate that PAPER is minted solely via user trading losses and liquidation","url":"https://daos.world/pool/robinhood/0xAA3B129e4906009e228a060340601260DE068FF5"}]