- $PAIN Token’s Fast Collapse: Launched as a enjoyable, nostalgia-driven token impressed by “Disguise the Ache Harold,” $PAIN soared to a $2.2 billion market cap earlier than plummeting 92% in simply 10 minutes.
- Flawed Tokenomics: The challenge’s construction, together with a presale that raised 185,976 $SOL and a promise to refund 80% of these funds, led to a liquidity disaster. Early traders cashed out shortly, overwhelming the restricted liquidity and inflicting the token’s worth to break down.
- Investor Warning: This occasion serves as a stark reminder of the dangers related to memecoins, emphasizing the necessity for thorough analysis and warning within the unstable crypto market.
$PAIN, a memecoin launched to finish the ache of a bleeding portfolio, ended up delivering precisely the alternative. After skyrocketing to a $2.2 billion market cap, the token nosedived by 92% in simply 10 minutes, leaving traders shocked and wallets bleeding. So, allow us to take a better take a look at what went unsuitable.
What’s $PAIN?
$PAIN is a Solana-based memecoin impressed by “Disguise the Ache Harold,” one of the vital recognizable faces on the web. The challenge was marketed as a enjoyable and lighthearted option to interact with crypto, promising to be the official token of ache expression on the blockchain. However the irony is tough to overlook—what was meant to represent ache turned a monetary nightmare for many who purchased in on the high.
The Hype Prepare That Derailed
The $PAIN staff performed their playing cards nicely, leveraging nostalgia and humor to construct hype. Their presale was an enormous success, elevating 185,976 $SOL in simply 48 hours—greater than another memecoin presale in USD worth.
Then got here a transfer that appeared beneficiant however turned out to be dangerous. They introduced they’d refund 80% of the presale funds, utilizing the remaining 20% for liquidity, launch bills, and change listings. The thought was to attenuate monetary ache, nevertheless it inadvertently set the stage for catastrophe.
Tokenomics That Set the Stage for Catastrophe
With a complete provide of 10 million tokens, the distribution was as follows:
- 50% – Harold (locked till 2045) – 5M $PAIN
- 20% – Presale – 2M $PAIN
- 15% – Liquidity – 1.5M $PAIN
- 10% – Neighborhood – 1M $PAIN
- 5% – Companions – 0.5M $PAIN
At first look, the tokenomics appeared affordable. Locking 50% for Harold till 2045 was meant to point out long-term dedication. Nevertheless, the true problem lay with the two million tokens offered through the presale. As soon as the token pumped at launch, early patrons rushed to money out, triggering an enormous sell-off.
The 15% allotted to liquidity wasn’t practically sufficient to deal with this promoting strain, resulting in a liquidity disaster. Costs dropped quickly, and with no purchase assist, the worth of $PAIN collapsed—exhausting.
Last Ideas
Total, $PAIN was meant to be a enjoyable, nostalgia-driven token, nevertheless it ended up being a brutal reminder of how shortly issues can go south within the crypto world. The challenge’s tokenomics, mixed with the market’s rising fatigue with memecoins, created the proper storm for a spectacular crash. In the end, $PAIN lived as much as its title. And whether or not this alerts the top of the memecoin period or simply one other cautionary story stays to be seen.