Harold, the Meme Grandfather, Launches a Coin! Over 190,000 SOL Tokens Raised in 48 Hours, $PAIN Officially Returns 80% of the Presale Amount
Recently, the presale of the meme coin $PAIN on Solana has caused a huge response, raising 185,976 $SOL in a short period of time. With 1 $SOL equaling approximately 200 USD, the presale amount has already broken the record for meme coin presales. While the community was concerned that such a large amount of funds raised could lead to significant selling pressure, the official team of PAIN announced that they will be returning 80% of the funds and only using 20% to maintain operations. This move has been praised online for its consideration of the overall situation, and those who did not participate in $PAIN are said to be feeling the $PAIN.
Backed by Memeland and 9GAG, the narrative behind $PAIN is the meme character HIDE THE PAIN HAROLD, with support from Memeland and 9GAG.
On February 2nd, the presale of $PAIN officially began, and participants could join the presale by sending $SOL to GsjtZXs5cGKSdUoW6CveUu5z7JDT5UL6rPkQEsDwbKww or SNS: paintoken.sol, paincoin.sol within 48 hours. Each token does not have a fixed price. The price will be determined by dividing the amount of funds raised during the sale period by the token supply.
With a post on the 5th, they announced that they raised 185,976 $SOL within 48 hours, equaling approximately 37.2 million USD with 1 $SOL equaling 200 USD. While many people thought that such a large amount of funds would either lead to the project team running away or significant selling pressure, the PAIN team announced that they will be refunding the largest amount in the history of meme coin presales, using the remaining 20% for token distribution, providing liquidity, and covering listing fees, hoping to help alleviate the recent pain caused by liquidation for everyone.
The official team stated that $PAIN, as an expression of pain on the blockchain, does not want to add more pain to already bleeding investment portfolios. The community has praised the team’s approach. The source of funds, 212.3 $SOL from centralized exchanges and 0.9 $SOL from bots, will not be refunded.
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