PAIN Meme Coin Turns Pains Into Gains with 187K SOL Presale Twist

2 mins mins

Key Points:

The PAIN project raised $37.3 million in SOL within 48 hours.
185,976 SOL were raised, with 80% dedicated to participant refunds.
Community support includes backing from the 9GAG CEO for credibility.

PAIN Meme Coin Turns Pains Into Gains with 187K SOL Presale Twist

PAIN, a memecoin inspired by the “Hide the Pain Harold” meme, raised over 180,000 SOL (approximately $37.3 million) in just two days, driven by interest from the Ethereum NFT and Solana memecoin communities. The project is known for refunding 80% of funds to participants, ensuring ethical financial practices.

Key fund transfers included a whale transfer of 20,000 SOL from a Binance wallet. Supported by prominent figures, PAIN aims for transparent operations and community expansion. Explore further to uncover the project’s full potential.

Pain Meme Coin’s Fair Play: 80% returned

PAIN’s distribution and refund mechanism prioritizes clarity and transparency. The project raised 185,976 SOL (approximately $37.3 million) in 48 hours. Of this, 80% will be refunded, while 20% is allocated for launch and fees.

User allocations are based on investment proportions, excluding 0.9 SOL from bots and 212.3 SOL from CEX sources. Contributions made after block 318346069 will also be returned.

Endorsement from prominent figures in the Ethereum NFT community highlights the project’s credibility.

PAIN Presale Wallet Receives $4.28M Whale Deposit

An analyst, @ai_9684xtpa, recently noted that the PAIN presale fundraising address sent 37,195 SOL to the painvault-sol address, adhering to the guideline of retaining 20% for operations.

PAIN Meme Coin Moves $7M in SOL, source: ai_9684xtpa

Additionally, Onchain Lens reported a whale transferring 20,000 SOL, valued at $4.28 million, from a Binance wallet to the PAIN presale wallet.

These transactions highlight the project’s financial activities and fund distribution strategies.

9GAG CEO Backs Pain Meme Coin as it Refunds Millions

The PAIN project, despite being new, has garnered substantial support from the Ethereum NFT community, with notable endorsements from figures like 9GAG and CEO Keungz.

This reflects strong industry confidence in its potential. The project’s presale was a success, raising $38 million, which signals robust engagement.

PAIN’s commitment to ethically managing resources is evident in its decision to refund 80% of presale funds. This blend of community backing and transparent funding practices positions PAIN as a noteworthy entrant in the memecoin space.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.