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Solana Ecosystem Token PAID Surpasses $30 Million Market Cap, Rises Over 220% in 24 Hours

On September 26, according to GMGN market data, the market cap of PAID on Solana briefly exceeded $30 million, with a 24-hour increase of over 220% and a trading volume of $23.4 million during the same period. Public information shows that UsePaid is an automatic fee distribution tool for token creators: project teams can import creator fees generated by Meme coins into UsePaid, where 80% is converted to USD and paid to designated X users via X Money, while 20% is used for repurchasing and burning PAID. Additionally, on-chain data indicates that Frank DeGods, the founder of DeGods, bought PAID approximately four days ago, investing around $145,000 to $169,000 and holding tens of millions of tokens. BlockBeats reminds users that the prices of related tokens are highly volatile, and investment should be approached with caution.

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