Solana-Based PAWS Airdrop Fiasco: Technical Glitches Spark User Outcry

The recent PAWS airdrop on Solana has turned into a PR nightmare for PAWS Labs, with users reporting missing tokens and incorrect allocations due to technical failures during distribution. Here’s a breakdown of the controversy and its implications for the SocialFi project.

PAWS Airdrop Controversy Sparks User Backlash Amid Token Distribution Issues

PAWS Labs, a SocialFi project initially launched as a Telegram mini-app before expanding to Solana, faces user discontent following a flawed token airdrop on Bybit. The platform, which incentivizes social engagement through chat rewards and referrals, stumbled during its April 15 distribution, with users reporting missing or incorrect allocations.

Bybit acknowledged technical failures in the PAWS airdrop execution, compounding frustration among participants expecting seamless rewards. Meanwhile, PAWS’ subsequent listing on MEXC offers a potential recovery path, though skepticism lingers over project execution. The incident highlights growing pains for SocialFi projects bridging Web2 and Web3 ecosystems.

1inch Expands to Solana, Targets Cross-Chain DeFi Growth

Decentralized trading aggregator 1INCH Network has launched on Solana, marking a strategic expansion into one of crypto’s fastest-growing ecosystems. The integration delivers sub-cent transaction fees and access to over a million tokens through 1inch’s aggregation protocol.

Solana’s high-throughput architecture now hosts 1inch’s Fusion mode, where professional market makers compete to fill orders via Dutch auction mechanics. This combination of advanced trading features and Solana’s technical advantages could redefine cross-chain liquidity.

The deployment precedes planned cross-chain functionality that will bridge Solana with ten existing 1inch-supported networks. While timing remains undisclosed, the move signals 1inch’s ambition to dominate multichain decentralized finance.

Solana Surges 8% Despite Global Macro Tensions

Solana (SOL) has defied broader market uncertainty, rallying 8% from its April 30 low of $140 to trade NEAR $152. Daily trading volume spiked 35% as the asset showcased resilience amid deteriorating US-China trade relations.

Technical indicators reveal a volatile recovery path. SOL rebounded from a 7.4% correction on April 30, establishing strong support at $140.65 before testing period highs at $152.69. The 12-point trading range underscores the asset’s volatility as it outperforms the CoinDesk 20 Index’s 4% gain.

Solana Price Analysis and Forecast: Deviation or Market Breakout?

Solana’s institutional demand surges as U.S. spot ETF approval speculation grows. The network has attracted significant interest from institutional investors, fueling a bullish momentum that saw SOL prices climb over 20% in April 2025 to $150.33.

Technical indicators show SOL reclaiming the 50-day SMA as support, with $180 emerging as the next target. Futures Open Interest swelled by $1.6 billion in four weeks, underscoring growing market confidence.

Weekly charts confirm sustained bullish sentiment, positioning Solana for potential midterm gains. The altcoin’s $90 billion FDV and $3.7 billion daily trading volume reflect its maturing market presence.