01.08.2025 15:22

The Qubetics blockchain project, aiming to unify Bitcoin, Ethereum, and Solana networks, experienced a catastrophic collapse of its TICS token. The token plummeted by approximately 97% following a flawed airdrop launch on July 30th and 31st, leaving investors reeling from significant losses and questioning the project's integrity.

Initially, the airdrop appeared successful, with the TICS token surging to $2.16, representing a 950% increase. However, this euphoria quickly evaporated as many users received far less than the promised 10% immediate allocation; some received a mere 1%. This discrepancy triggered a massive sell-off, rapidly driving the token's value back towards zero. Qubetics attributed the failure to a "critical error" within the vesting contract, which was supposed to release tokens gradually over ninety days.

The rapid price decline fueled widespread accusations of foul play within the community. Online forums were flooded with disgruntled investors highlighting discrepancies between their expected token allocation and the actual amount received. This panic selling, compounded by the initial technical error, exacerbated the situation.

Adding to the controversy, rumors emerged suggesting pre-sale investors acquired TICS tokens at $0.33, with the promise of a 20% increase upon listing. Contrary to this promise, the token debuted at $0.19 on July 24th, falling to $0.06 just a week later. These accusations, coupled with allegations of the development team withholding tokens, intensified the negative sentiment surrounding the project and the resulting token crash. The incident highlights the inherent risks associated with investing in cryptocurrency projects, particularly those with unproven track records.