Memecoin fee routers send payouts to X users via X Money
Users on X have reported receiving unsolicited cash payments via X Money, driven by memecoin creators routing trading fees through automated fiat conversion services such as UsePaid.
Users on X reported receiving unsolicited payments amounting to tens of thousands of dollars through X Money, with some recipients describing the influx as being financially DDOS'd.[2][3]
According to Coin Bureau, memecoin creators have been sending unexpected funds to prominent X users by routing trading fees directly to recipients' X Money accounts. Although X Money enabled peer-to-peer transfers earlier in the year without native cryptocurrency support, services such as UsePaid have bridged the gap by automatically converting trading fees into fiat dollars and transferring them instantly. Coin Bureau reported that the payouts feed into a loop where recipient shoutouts drive increased attention and trading volume back to the coins.[3]
Degen News reported that automated token-fee fiat router UsePaid has routed more than $1.5 million to X accounts via X Money. UsePaid itself claims that over $1.44 million has been paid out, with individual payments reaching as high as $13,000.[1][3]
Key facts
- X users reported receiving unsolicited transfers totaling tens of thousands of dollars via X Money, with some describing the experience as being financially DDOS'd.
- Memecoin creators are routing trading fee proceeds to prominent X users' X Money accounts using automated conversion services like UsePaid.
- X Money introduced peer-to-peer transfers earlier in the year without native cryptocurrency support.
- Coin Bureau reported that the unexpected payouts are intended to trigger shoutouts from recipients that drive trading volume back to the memecoins.
- Degen News reported that UsePaid has transferred over $1.5 million to X accounts through X Money.
- UsePaid claims to have disbursed over $1.44 million in payouts, with individual deposits reaching up to $13,000.
Sources · 3 sources
- DN
DEGEN NEWS@DegenerateNewsPost on X ·
NEW: AUTOMATED TOKEN-FEE FIAT ROUTER @UsePaid HAS SENT $1.5M+ TO @X ACCOUNTS VIA @XMoney https://t.co/emyCAM1aJM
Open source - PO
Polymarket@PolymarketPost on X ·
BREAKING: 𝕏 users are reporting being "financially DDOS'd" with tens of thousands of dollars being sent to them unsolicited via 𝕏 money.
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨WILD: Memecoin creators are sending a WAVE of unexpected cash to prominent X users by routing the trading fees directly to their X Money accounts. X Money enabled peer-to-peer transfers earlier this year without native crypto support. Services like UsePaid have now bridged that gap, automatically converting fees into dollars and sending them instantly to X users. The surprise payouts are feeding into the loop: earning a shoutout, driving even more attention and trading volume to the coin. UsePaid claims over $1.44 MILLION has been paid out, with individual deposits reaching $13,000. Some recipients describe it being “financially DDoS’d.”
Open source