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UsePaid's $PAID token drops 38% after payout issues with X Money during fee surge

Protocol Fundamentals
28 Sep 2026
Crypto Briefing
View Source
Bearish
UsePaid's $PAID token drops 38% after payout issues with X Money during fee surge

UsePaid, a Solana-based protocol that routes creator fees to X accounts, saw its $PAID token drop 38% after a massive spike in claimed fees overwhelmed its X Money payout system. On September 27, fees surged 26 times the previous day, causing processing delays and forcing UsePaid to pause payouts and cap daily withdrawals. To fix this, UsePaid launched a claims portal allowing direct withdrawals to Solana wallets, bypassing X Money. This incident highlights how the token's value depends heavily on smooth payout operations and the buyback mechanism tied to fee processing.

UsePaid's $PAID token recently dropped 38% after a payout system block. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 29, 2026 06:31 WIB: out of 50 major cryptocurrencies, 10 rose and 39 fell. Notable movers include CRV at Rp6.820 with a 1-day change of +8.17%, EOS at Rp12.649 up +8.13%, and CAKE at Rp46.731 down -7.54%.

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