$PAIN meme coin project achieves unprecedented success by raising 187,774 SOL in a two-day presale, amid growing interest in Solana-based meme tokens.
It appears that the Solana-based meme coin $PAIN has made history after recording what is arguably one of the largest fundraising events for a meme coin project. As reported by SolanaFloor, $PAIN raised an impressive 187,774 SOL, worth about $39.2 million, in a two-day presale.
🚨JUST IN: Solana memecoin @pain has raised 187,774 SOL ($39.2M) in a presale over two days, making it one of the largest raises by a memecoin project. pic.twitter.com/CnjwniT9oa
— SolanaFloor (@SolanaFloor) February 4, 2025
The data analytics platform, which tracks Solana projects, made this announcement amid an ongoing memecoin frenzy.
$PAIN Flourishes As Memecoins Continue to Dominate the Crypto Market
Recently, investors have been looking at memecoins with such keen interest, even as they anticipate that they might be the next big opportunity in crypto.
This sudden interest has now translated to a growing popularity for memecoins within the crypto ecosystem, particularly the Solana-based ones.
Contributing to the popularity of these coins is the fact that the Solana blockchain prides itself on its fast transactions and low fees. These qualities have also made it the go-to platform for launching new tokens.
Therefore, the presale success of $PAIN does not exactly come as shocking. Rather, it follows in the footsteps of other popular Solana-based memecoins to have come before it. This is especially true since they also attracted similar attention while generating significant funding. Some examples include Pandiana ($PNDA), Sealana (SEAL), and more recently PEPE coins.
What’s Next?
$PAIN is undoubtedly off to a great start. At least its record-breaking presale suggests this. However, it would be safer for investors to approach these types of memecoins as cautiously as possible in the meantime.
Last May, Coingecko reported that 12 out of 27 similar projects were abandoned after the presale stage, leaving investors with huge losses. Despite this, some Solana-based memecoins have been largely successful, with the Official Trump (TRUMP) token being a prime example of these.
It remains to be seen how $PAIN would perform once it begins trading. However, history shows that the project’s long-term success would depend on several factors like community engagement, upgrades, and overall market conditions.
next