đ¨ Qubetics Token Plummets 100%: Rug Pull or Market Carnage?
The crypto world got another brutal reality check today as Qubetics (TICS) nosedived from hero to zeroâliterally. One minute it was trading; the next, wallets were emptier than a Bitcoin maximalistâs sense of humor.
## Anatomy of a Disaster
Blockchain explorers show TICS liquidity evaporated faster than a meme coinâs utility. On-chain sleuths report suspicious wallet movementsâclassic exit strategy or just âmarket dynamicsâ? (Spoiler: itâs never market dynamics.)
## The Aftermath
Victims flooded social media while âHODLâ memes aged like milk. Meanwhile, anonymous devs locked their Telegram and perfected their âwho, me?â routineâanother masterclass in decentralized accountability.
## Silver Lining Playbook
Regulators will now pretend to care for 48 hours. Traders will swear off altcoins⌠until the next shiny whitepaper drops. And somewhere, a VC is writing âvolatility = opportunityâ on a nine-figure loss.
Remember kids: in crypto, the only thing faster than gains are the exits. DYORâor enjoy subsidizing someoneâs Dubai penthouse.
Technical Glitch Sparks Token Collapse
According to Qubeticsâ own statement, a âcritical errorâ hit the vesting contract during the live airdrop. The plan was to unlock 10% of tokens right away and then release 90% over the next 90 days at a rate of 1% per day.
At first, TICS surged 950% to hit $2.16. But once users saw far less than their expected shareâsome got only 1% instead of 10%âselling pressure kicked in hard. By the end of Thursday, the price had tumbled almost back to zero.
The initial 10% of your $TICS tokens has been successfully distributed. The remaining 90% will be released gradually, with 1% delivered daily over the next 90 days.
To successfully interact with your TICS tokens, it is essential to add the Qubetics custom network to your wallet.⌠pic.twitter.com/IR22LHAiXD
â QUBETICS (@qubetics) July 31, 2025
Within hours, community forums lit up with cries of foul play. Many wallets showed a fraction of what they should have received. Heavy sell-offs by early holders made matters worse. Based on reports, the tokenâs crash was as much about panic selling as it was about the initial coding mistake.
Community Accusations Grow Loud
Rumors swirled that presale investors once bought in at $0.33 per token, with promises of a 20% bump on listing day. Instead, TICS opened its trading at $0.19 on July 24 and then slipped to $0.06 within a week. Some users accused the team of holding back tokens, while others claimed insiders dumped large amounts on the market. On X, dozens of comments called Qubetics âscammersâ and accused the team of a ârug-pull.â
Team Promises Full DistributionIn response, Qubetics said it will issue a full report on the mishap and ensure all eligible wallets get their full allocation. They stressed that the error came from Antier, the outside firm handling smart contracts, not the Core team. The announcement reaffirmed their commitment to build a layer-1 network that aggregates the Web3 ecosystem.
Roadmap items include cross-chain bridges and on-chain governance tools. Even now, the team insists that long-term holders will see value once the tokens FLOW correctly and the network goes live. Itâs a big âifâ for many investors, but Qubetics said it is sticking to its plan.
Featured image from Unsplash, chart from TradingView