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

UsePaid, the Solana-based protocol that automatically routes creator fees from token launches to X accounts, watched its native $PAID token shed 38% of its value after X Money effectively choked off payouts during a massive spike in claimed fees. The project responded by spinning up an on-chain claims portal, letting recipients bypass X Money entirely and withdraw directly to Solana wallets. The trigger was a single day of chaos. On September 27, claimed fees through the platform surged to $1.54 million, roughly 26 times what had been processed the day before. The protocol was barely two weeks old. How UsePaid works, and how it broke The protocol’s pitch is elegant in theory. When someone launches a token on platforms like pump.fun, UsePaid intercepts creator fees and routes them to X accounts using X Money’s payment rails. Recipients don’t even need to sign up. Fees get split 80/20: the creator gets four-fifths, and the remaining 20% buys back and burns $PAID tokens. That buyback mechanism is what gave $PAID its initial rocket fuel. The token surged over 410% after launch in mid-September as the protocol quickly gained traction, processing millions in fees and pulling influencers ...