Qubetics Crypto Plummets 97%: Airdrop Chaos Sparks Market Meltdown

Another day, another crypto bloodbath—this time it's Qubetics taking the plunge. The token nosedived 97% overnight as its much-hyped airdrop backfired spectacularly.

When free money goes wrong

The collapse triggered a stampede of sell orders, vaporizing liquidity faster than a DeFi rug pull. Early adopters who bought the hype are now left holding bags heavier than a Bitcoin maximalist's ego.

A cautionary tale for degens

While the team scrambles to contain the damage, the episode serves as yet another reminder: in crypto, when something sounds too good to be true, it usually is—especially when it involves 'free' tokens. But hey, at least the whales got their airdrop allocations before the music stopped.

What happened with the TICS crypto aidrop

On July 30, the team planned to unlock and distribute 10% of the tokens immediately, with the remaining 90% unlocked over the next 90 days at a rate of 1% per day. Following the launch, the token initially surged 950% to $2.16 at its peak.

However, technical issues soon emerged. Multiple users reported receiving significantly less than 10% of their allocation, which the team later confirmed. Observers also noted that the 1% daily vesting schedule contributed to heavy selling pressure, accelerating the token’s collapse.