Key Points
- PAIN raised 185,976 SOL worth over $37,3 million at current prices in a 48-hour presale.
- The team will refund the largest amount of SOL in any presale history.
The team at PAIN, a project built around the OG meme legend “Hide the Pain Harold” made an important announcement earlier today. They noted that the team raised 185,976 SOL (worth over $37,3 million at current prices) in 48 hours.
According to them, this is more than any other memecoin presale in USD value.
$PAIN is the official memecoin for the OG meme legend and it will launch soon.
$PAIN Memecoin Upcoming Launch
According to the official announcement on X, the PAIN memecoin is intended to function as an expression of pain on the blockchain, and it’s not aimed to add more pain to the “already bleeding” portfolio of users.
The team behind the project also announced that they are about to refund the largest amount of SOL in any presale history – another first in the crypto industry, according to them.
They noted that 80% of the funds that were received will be returned.
Also, the remaining 20% will be used as follows:
- To support the memecoin’s launch
- To provide liquidity
- To pay listing fees
- To help people feel less pain from recent liquidations
The team also noted that users’ PAIN memecoin allocations will be proportional to the amount they sent, except for the 0.9 SOL from bots, and 212.3 SOL from various CEXs.
It’s also worth noting that funds that are sent after block 318346069 will be returned as well.
Hide the Pain HaroldRefunding 80% of the proceeds proves that the team has good intentions and this is not a “liquidity suck.” Also, presales now have more liquidity to ape more coins on launch, and non-presalers have FOMO, realizing this project is not a scam.
The 48-hour presale started on February 2.
“Hide the Pain Harold” is an Internet meme based on a series of stock photos of András István Arató, a Hungarian retired electrical engineer.
