Selling an NFT rapidly below its floor price—often due to FOMO, fear of the project being a pump and dump, or a rug. Paper hands are often bad for an NFT project since they lower its credibility, hence, dropping its floor price. DeGods NFT, for instance, introduced a 33% paper hand bitch tax to prevent people from listing paper hands.
It’s used jokingly as an alternative career to a failed NFT investment. The NFT community uses it comically as the career option to fall on