Bybit airdrop glitch sends excess PAWS tokens to users, issues retraction

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Apr 16 2025

PAWS+0.3%

X-2.5900002%

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Bybit Airdrop Issue: Bybit faced a technical problem during the PAWS token airdrop, resulting in some users receiving too many tokens while others received none. The exchange plans to reverse all distributions from April 15 and conduct a new airdrop based on corrected eligibility data.
EEA User Ineligibility: Users in the European Economic Area (EEA) are not eligible for the PAWS airdrop due to regulations, and Bybit has advised them to seek information from the PAWS community regarding alternative claiming options.

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Technical Analysis for PAWS

Technical Sentiment Analysis for PAWS (PAWS) As of , PAWS (PAWS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PAWS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, PAWS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

PAWS (PAWS) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00000528	0.0000055	0.0000057	0.00000592	0.00000613	0.00000635	0.00000655
Fibonacci	0.0000055	0.00000566	0.00000576	0.00000592	0.00000609	0.00000619	0.00000635

About PAWS

PAWS is a revolutionary project transforming online social activity into tangible rewards. Beginning its journey in Telegram mini-app ecosystem but expanding to Solana and beyond, PAWS algorithms track and tokenize users' digital footprint within the Web3 ecosystem. PAWS creates a new attention economy where meaningful interactions brings real value, connecting millions of users with the possibilities of crypto and opening new opportunities for mass cryptocurrency adoption. The PAWS token is designed as a catalyst for community building, cultivating “Diamond Paws” elite circle of token holders with deeper engagement and exclusive benefits.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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