UsePaid launches claim portal after pump token drops 38% due to X Money block

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UsePaid, a Solana-based protocol that automatically routes creator fees to X accounts, saw its native token $PAID drop 38% after X Money suspended payouts during a surge in claims. On September 27, claimed fees reached $1.54 million, roughly 26 times the previous day’s amount. In response, the protocol launched a claims portal allowing recipients to withdraw directly to Solana wallets, bypassing X Money entirely. Payouts were temporarily capped at $750 per recipient per day while a longer-term fix was developed. At the time of suspension, cumulative payouts through UsePaid had already exceeded $1.4 million to various X accounts, including influencers and public figures.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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