Qubetics Token Plummets 97% After Flawed Airdrop Execution

July 31, 2025 marked a dramatic downturn for Qubetics (TICS), as its token plummeted nearly 97% following a flawed airdrop launch. The Qubetics team acknowledged "critical errors" in the vesting contract during the distribution process and blamed an outsourced development team, Antier, for the failure [1]. The botched airdrop led to widespread confusion among users, many of whom received less than their expected 10% initial allocation [2].

The token had initially surged 950% to a peak of $2.16 just days prior, reaching an all-time high of $2.22 on July 29. However, the technical issues that emerged soon after triggered an unprecedented collapse. By July 31, the price of TICS had dropped to $0.059388, marking a 96.91% decline over the previous week [2]. The token’s all-time low was recorded at $0.0419949, and in the last 24 hours, it fluctuated between $0.0491928 and $0.106289 [2]. The token remains at 0% change over the past month, signaling a prolonged period of instability.

The Qubetics team has pledged to provide a full report on the incident and assured that all eligible wallets would receive their full token allocation. However, the lack of a clear timeline or communication has further eroded investor confidence. The team emphasized that the issue was beyond the control of the core team and attributed it to the outsourced development team [1]. Despite these assurances, many remain skeptical about the project’s ability to recover and deliver on its roadmap.

Qubetics has positioned itself as a cross-chain Web3 aggregator aiming to integrate major blockchain ecosystems such as Bitcoin, Ethereum, and Solana [1]. However, the airdrop disaster has cast doubt on its technical capabilities and governance structure. The token’s market capitalization remains at $0, with a fully diluted valuation of $80,878,592 and a circulating supply of $0 out of a maximum supply of $1,361,867,964 [2]. These figures reflect the token’s weakened position in the broader market.

The incident underscores the growing risks associated with airdrop strategies in the crypto space. When execution fails to meet expectations, the consequences can be severe—resulting in price corrections, reputational damage, and a loss of investor trust. The Qubetics case serves as a stark reminder that even ambitious projects can falter if technical execution and transparency are not prioritized [1].

Source:

[1] Qubetics crypto price collapses 97% amid airdrop turmoil (https://crypto.news/qubetics-crypto-price-collapses-97-amid-airdrop-turmoil/)

[2] Qubetics price: TICS to USD, chart & market stats (https://crypto.news/price/qubetics/)