The meme coin PAIN opened with a huge drop of 50 magnesium per coin, and then fell sharply. It is ru
The meme coin PAI, which sparked discussions during the pre-sale stage, finally opened for trading early this morning. According to the officially released token economy model, the total number of PAIN tokens is 10 million, of which 50% will be allocated to the protagonist Harold (Andr á s Arat ó) of the meme and forced to lock up for 20 years. Of the remaining shares, 20% will be used for pre-sales, 15% for liquidity, 10% will be allocated to the community, and the final 5% will be allocated to partners.
After the opening, the token price briefly surged above $50. However, according to data tracked by X user @ ai_9684xtpa, the PAIN team's associated address sold tokens worth $2.53 million in the past 7 hours. According to its statement, a certain DjTrV wallet address sold 107212 PAINs at an average price of $23.66, tracing its funding source to the team's pre-sale associated address, rather than the 20% airdrop holding address, and the tokens were transferred three times before being shipped.
At the time of writing this article, PAI has fallen back to the $17 range, with a valuation of approximately $170 million.
