UsePaid launches claim portal after X Money blocks creator fee payouts
Solana-based launchpad UsePaid introduced an onchain claim portal after X Money halted its automated creator fee payouts, triggering a sharp slide in its associated token.
Solana-based protocol UsePaid, which lets users launch memecoins and automatically routs creator fees to designated X accounts, has moved users toward manual onchain claims after X Money halted payouts. According to SolanaFloor and BSCN, UsePaid launched a website claim portal enabling creators to claim eligible new fees in SOL, while historical X Money balances remain unaffected.[1][3]
The payout cutoff prompted a steep sell-off in the protocol's token. SolanaFloor reported a 38% decline for the token, while Market Insider noted a 50% fall following news that the platform lost access to X Money. Commentator Nick O'Neill posted that the token had surged 500% over the weekend prior to the cutoff, noting that the platform's memecoin fee distributions were broadly viewed as spam by several prominent X accounts before UsePaid was banned from X Money.[1][2][5]
According to BSCN, the disruption came immediately after a 24-hour surge in which creator fees reached $1.54 million—roughly 26 times the total generated the previous day—as creator fee activity accelerated across Solana token launches. UsePaid had implemented payout restrictions before payments were completely halted. Crypto Briefing noted that the episode highlights the vulnerability of token ecosystems to operational disruptions, directly affecting market stability and investor confidence.[3][4]
Key facts
- X Money blocked Solana-based launchpad UsePaid from sending automated creator fee payouts to X users.
- UsePaid launched a website claim portal to allow creators to manually claim new fees in SOL onchain, while historical X Money balances stay unaffected.
- UsePaid's linked token fell between 38% and 50% following the disruption, after gaining 500% over the previous weekend.
- The payment disruption followed a $1.54 million fee surge across 24 hours, about 26 times the prior day's total.
- UsePaid put payout restrictions in place before the eventual suspension of payments.
- UsePaid's activity had been widely viewed as spam by some top-followed accounts on X prior to the ban.
Sources · 5 sources
- SO
SolanaFloor@SolanaFloorPost on X ·
NEW: solana:98kfF7rmsg1QDUEoCqNE7g7M1FdrTt92TEp2CLzypump drops 38% after X Money blocked Solana based launchpad @UsePaid from sending creator fee payouts to X users. Paid has now launched a website claim portal for eligible new fees, allowing creators to claim onchain. https://t.co/Si8C7QTOx0
Open source - MI
Market Insider@MrketInsiderPost on X ·
JUST IN: $PAID FALLS 50% ON NEWS THAT THEY’VE LOST THE ABILITY TO USE XMONEY https://t.co/zp8jc5wmev
Open source - BS
BSCN@BSCNewsPost on X ·
UsePaid Opens Claims After X Money Pause UsePaid (@UsePaid) has shifted users toward manual solana:So11111111111111111111111111111111111111112 claims after payment problems halted X Money payouts. The disruption followed a $1.54 million fee surge recorded over just 24 hours. This amount was roughly 26 times the previous day’s total, according to reports. The surge reportedly came as creator fee activity accelerated across Solana token launches. UsePaid had to implement payout restrictions prior to the suspension of payments being implemented. The historical X Money balance stays unaffected and eligible new fees can be claimed manually. Worth noting, UsePaid is a Solana-based protocol that automatically sends memecoin creator fees directly to designated X accounts.
Open source - CB
Crypto BriefingArticle ·
UsePaid launches claim portal after pump token drops 38% due to X Money block The incident highlights the vulnerability of token ecosystems to operational disruptions, impacting investor confidence and market stability. The post UsePaid launches claim portal after pump token drops 38% due to X Money block appeared first on Crypto Briefing .
Open source - NO
Nick O’Neill@chooserichPost on X ·
🚨BREAKING🚨 After surging 500% this weekend, $PAID implodes after being blocked from X Money If you were unaware, @UsePaid let users set up memecoins and direct creator fees to X users. It was broadly viewed as spam to some of the top followed accounts. Now they're banned... https://t.co/SlprBHqWl9
Open source