The digital asset market always offers exciting investment opportunities for traders and investors. PAIN token presale is currently attracting the attention of Solana whales.
Whale buys PAIN tokens
According to data shared by Lookonchain, a major investor created a new wallet and withdrew 20,000 Solana tokens worth $4.3 million from Binance to buy PAIN tokens in presale. As a result, the investor obtained 215,328 PAIN tokens (worth $3.85 million) and a refund of 16,000 Solana tokens valued at $2.75 million. Currently, he holds an unrealized profit of $2.3 million. This trader's action suggests that while Solana still remains a dominant crypto asset, large investors are now focusing on emerging altcoins with high growth potential.
Solana whales' activity
The withdrawal of Solana coins by this investor indicates heightened whale activity. Data from Artemis shows that the Solana network obtained $150 million in fund inflows over the past seven days, ranking second after Base. These inflows suggest that investors maintain their enthusiasm for Solana. The price of Solana is anticipated to surge due to a decline in circulating supply as whales make acquisition-focused transactions. Typically, whale buying actions result in a rise in Solana price, and the market closely monitors these transactions as indicators of crucial market changes.
What is PAIN token?
Pain, a meme coin based on the Solana network, captured public attention after raising 187,774 SOL ($39.2 million) in just two days of the recent presale. This signifies its strong growth potential, which explains the interest from savvy investors targeting the asset.
PAIN tokens are attracting significant interest from large investors, indicating possible new trends in the cryptocurrency market. The focus of whales on these tokens and the ongoing activity in the Solana market show substantial growth potential.
