PAID, a token on Solana, has rebounded to a market capitalization of $21.5 million after moving back above the $21 million mark, according to data from GMGN. The token posted a gain of more than 136% over the past 24 hours.
Odaily said UsePaid is an automated fee-splitting tool for token creators. Project teams can route creator fees generated by meme coins into UsePaid. Under the mechanism described in the report, 80% of those fees are converted into U.S. dollars and paid to designated X users through X Money, while the remaining 20% is used to buy back and burn PAID.
Odaily also warned that meme coin prices are highly volatile and said investors should participate with caution.
PAID on Solana has rebounded past a $21 million market capitalization and was last quoted at $21.5 million, with a 24-hour gain of more than 136%, according to GMGN data cited by Odaily.
Odaily said UsePaid is an automated fee-sharing tool for token creators. Project teams can direct creator fees generated by meme coins into UsePaid. Of that amount, 80% is converted into U.S. dollars and paid to designated X users through X Money, while 20% is used to buy back and burn PAID.
Odaily added a risk reminder, saying meme coin prices can be highly volatile and urging investors to take part with caution.
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