PAID token on Solana jumps 90%, market cap reaches $27.5 million
- —PAID's market cap reached $27.5 million, up more than 90% in a day
- —After peaking, the market cap fell to $23.2 million
- —UsePaid distributes 80% of fees through X Money, with 20% going to buybacks and burning of PAID
- —UsePaid documentation states that $PAID has not yet been issued
Why it matters: The discrepancy between market data and official documentation creates risk, as the token's link to the UsePaid project is unconfirmed.
Source: TokenPost