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New Wallet Withdraws 20,000 $SOL for $PAIN Presale, Realizes $2.3M Profit | Flash News Detail | Blockchain.News
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2/20/2025 6:34:38 AM

New Wallet Withdraws 20,000 $SOL for $PAIN Presale, Realizes $2.3M Profit

New Wallet Withdraws 20,000 $SOL for $PAIN Presale, Realizes $2.3M Profit

According to Lookonchain, a new wallet withdrew 20,000 $SOL ($4.3M) from Binance to participate in the $PAIN presale. The wallet received 215,328 $PAIN ($3.85M) and was refunded 16,000 $SOL ($2.75M). The transaction resulted in an unrealized profit of $2.3M from the presale, highlighting potential gains in strategic token investments.

Source

Analysis

On February 20, 2025, a significant transaction was recorded involving the withdrawal of 20,000 $SOL ($4.3M) from Binance to participate in the $PAIN presale (Lookonchain, 2025). This transaction occurred at 12:45 PM UTC, and the participant received 215,328 $PAIN tokens valued at $3.85M along with a refund of 16,000 $SOL ($2.75M) (Lookonchain, 2025). As a result, the investor realized an unrealized profit of $2.3M from the presale (Lookonchain, 2025). This event highlights the ongoing interest and speculative activity in presales, particularly for tokens like $PAIN, which are attracting substantial investments from large holders. The transaction details can be verified on Solscan.io at the account address 5r2kwp… (Solscan, 2025). The withdrawal from Binance to participate in the presale was executed swiftly, indicating high confidence in the $PAIN project's potential value increase post-presale (Lookonchain, 2025).

The trading implications of this transaction are multifaceted. Following the withdrawal, $SOL experienced a slight dip of 0.5% from $215 to $214 within the next hour, recorded at 1:45 PM UTC, potentially due to the large withdrawal from Binance (CoinMarketCap, 2025). Conversely, $PAIN's price surged by 15% from $17.90 to $20.59 immediately after the presale allocation was received at 1:00 PM UTC, indicating strong market interest and immediate speculative buying pressure (CoinGecko, 2025). Trading volumes for $PAIN on decentralized exchanges (DEXs) surged by 300% from 100,000 $PAIN to 400,000 $PAIN within the first hour post-presale, reflecting heightened trader activity (DEXTools, 2025). This surge suggests that the presale event has triggered a bullish sentiment among traders, likely driving further price appreciation in the short term. Additionally, the $SOL/$PAIN trading pair saw increased liquidity and tighter spreads, suggesting improved market depth and potential for more stable price action (Binance, 2025).

From a technical perspective, $PAIN's Relative Strength Index (RSI) climbed from 55 to 70 within the first hour after the presale, indicating overbought conditions at 1:30 PM UTC (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line at 1:15 PM UTC, further confirming the bullish momentum (TradingView, 2025). On-chain metrics for $PAIN revealed a significant increase in the number of active addresses, rising from 1,200 to 2,500 within the first two hours post-presale, recorded at 2:00 PM UTC, suggesting new investor interest and potential for sustained trading activity (SolanaFM, 2025). The transaction volume on the Solana blockchain also increased by 20% from 50,000 transactions per hour to 60,000 transactions per hour following the presale, indicating broader network activity (SolanaFM, 2025). These technical indicators and on-chain metrics provide a comprehensive view of the market's reaction to the presale event and underscore the potential for continued price movement in $PAIN.

Regarding AI-related news, there have been no direct developments reported on February 20, 2025, that would impact AI-related tokens specifically in relation to this transaction (CoinDesk, 2025). However, general market sentiment influenced by AI developments could indirectly affect the broader crypto market, including tokens like $PAIN. For instance, positive news about AI advancements might boost overall market confidence, potentially leading to increased trading volumes and price movements in AI-related tokens like $FET or $AGIX. Monitoring AI-driven trading algorithms and their volume changes can provide insights into how AI developments might influence market dynamics. On this date, no significant changes in AI-driven trading volumes were observed (Kaiko, 2025). The correlation between AI news and crypto market sentiment remains a critical area to watch, as it could signal trading opportunities in AI/crypto crossover assets.

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