PAPER rug check: grade F

Paper Degen on Solana, graded F from on-chain evidence on 25 October 2026: 1 warning sign.

1 warning sign found. Read the evidence before you do anything.

We found several serious warning signs, or the coin has already been rugged.

Of the 3,464 coins we checked while still on the launchpad, 36% collapsed or ended their first day at least half below their high. How we measure this

Market value$10.0k

LiquidityStill on launchpad

Last 5 min-

Last hour-

Buys vs sells, 5 min-

24h volume$42.3k

Loading live numbers.

Buys vs sells are counts of trades, not dollars: a few large sells can outweigh hundreds of small buys.

Why this grade

4 wallets bought identical bagsSeveral big wallets bought exactly the same amount right at launch. That usually means one team grabbed lots of the coin early, spread across many wallets.Our record: 87% of the 668 coins with this sign collapsed or lost half within a day, against 23% of coins without it.

Holders and token settings

Holders183

Top wallet4.3%

Top 10 wallets26.4%

Dev still holds0.0%

Matching bags4

Linked insiders0

LiquidityLocked or on launchpad

Mint authoritySwitched off

Freeze authoritySwitched off

Checked 25 October 2026. Pools, lockers and market accounts excluded.

What happened since

When we first saw PAPER its price was $0.0₄1213. The latest price we recorded is $0.0₄1001 (-17% since first seen), 27% below the highest price we recorded. Since we flagged it, the price has moved -24%.

Creator wallet

G6B54766oSby3rR5ZfByE84EGXwe7aNZkeCxMjtSuGwASolscan

This is the only coin we've seen from its creator wallet. On-chain history, not a judgement of whoever controls the wallet.

Contract address

3JMt31nSG4nNcMSVzgJnHZsoyz8Lys4gf15q9Xympump

DexScreener chart RugCheck Bubblemaps Solscan

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Evidence, not an accusation. This grade summarises public on-chain data at the time we checked. It is not a claim about anyone's intentions. Report a mistake