PAID transaction fee auto-splitting drives token market cap past $40 million, with a 24-hour gain of over 360%.

BlockBeats news, September 26 - PAID official announcement: Currently, through the token creator fee automatic distribution tool, $1.44 million has been successfully distributed to X Money users.

Paid previously launched its token issuance feature on Pons on the 19th. The official statement said 80% of the fees will be sent to X users via X Money, and 20% will be converted to SOL for repurchasing PAID tokens. Issuers can add their X Handle in the project text description to send fees through X Money. Additionally, celebrities on X can receive fund distributions via X Money without even registering for Paid or giving consent. Some celebrities have even joked that their X Money accounts are under DDOS attacks due to frequent notifications of fee-sharing deposits.

According to GMGN market data, the market cap of PAID on Solana has now surpassed $40 million, with a 24-hour increase of over 360%, and a trading volume of $32.8 million during the same period.

Furthermore, on-chain data shows that DeGods founder Frank DeGods bought PAID about four days ago, investing approximately $145,000 to $169,000, and holds tens of millions of tokens.

BlockBeats reminds users that the price of related tokens is highly volatile, and investment requires caution.