Solana PAID token surges 990x as launchpad links fees to X payments

Sep 16, 2026 02:43 (39d ago)

PAID briefly surpassed a $20 million market capitalization after a reported 990x 24-hour gain, then fell to $13.4 million; later reporting placed it near $12 million.
Paid launched on September 15 and recorded almost $400,000 in fees, 4,148 token launches and 115 X payments, according to its dashboard.
Paid sends 80% of fees toward dollar payouts through X Money and uses 20% for PAID buybacks and burns, while settlement and regulatory questions remain open.

PAID, a Solana meme coin and the native token of the Paid launchpad, briefly exceeded a $20 million market capitalization after rising more than 990 times in 24 hours, according to GMGN data, before retreating to $13.4 million; newer reporting valued it at about $12 million. Paid launched on September 15 and lets users link pump.fun tokens to X accounts for creator-fee distributions through X Money. Its dashboard reported almost $400,000 in fees, 4,148 launches and 115 X payments, while the protocol said nearly $80,000 of PAID had been bought and burned and $8,110 distributed. Paid allocates 80% of fees to payouts and 20% to PAID buybacks and burns, but pending ACH settlements, questions about its X Money integration, potential U.S. money-transmission obligations and the gap between launches and completed payments remain unresolved. Solscan also recorded more than 1.75 million new Solana tokens in the preceding seven days, a network record, underscoring the competitive and volatile memecoin environment.

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