The PAIN memecoin, inspired by the “Hide the Pain Harold” meme, recently concluded a successful presale, raising 185,976 SOL (approximately $38 million) in 48 hours.
Presale Conclusion and Refunds
Following the presale, the PAIN team announced they will refund 80% of the raised funds to investors, retaining only 20% for necessary activities such as providing liquidity, covering launch expenses, and potential listing fees.
Allocation and Refund Details
The refund distribution will be calculated based on each investor’s SOL contribution during the presale. Certain addresses, including a bot address with 0.9 SOL and centralized exchange funds totaling 212.3 SOL, will not be included in the refund. Any funds sent after block 318346069 will be returned.
Community Reactions and Outlook
The PAIN team's decision has sparked discussions within the crypto community. Supporters see it as a sign of integrity, while critics question the need to retain about $7.6 million.
As the PAIN project moves towards its official launch, investors and onlookers are keen to see how the remaining funds will be used and the token’s market performance.
