PAID's Automatic Transaction Fee Distribution Propels Token Market Cap Past $40,000,000 in 24-Hour Rally

BlockBeats reported on September 26 that PAID's official announcement said its token creator fee automatic distribution tool has distributed $1.44 million to Xmoney users. The report linked that payment flow to a sharp rise in PAID's market value, which now exceeds $40 million on Solana after a 24-hour gain of more than 360%.

Distribution mechanics

The tool was tied to a feature Paid launched on Pons on September 19 for token issuance. Under the official description, 80% of fees are sent through X Money to X users, while 20% are converted into SOL to repurchase PAID. Issuers can enable the fee split by adding an X Handle in the project text description. The announcement also said X celebrities can receive funds through X Money without registering for Paid or giving separate consent.

Market response

Market data from GMGN showed PAID's market capitalization had crossed $40 million, with $32.8 million in trading volume over the same period. The fee distribution design shares creator income with X users while redirecting part of the fees into buybacks, which may help explain why the token attracted sudden attention.

On-chain interest

On-chain activity also drew attention: data indicated that DeGods founder Frank DeGods bought PAID about four days earlier, investing roughly $145,000 to $169,000 and holding tens of millions of tokens. BlockBeats noted that PAID's price movement has been volatile and urged users to approach the asset with caution.