Pacmoon ($PAC), a prominent memecoin on the Blast network, has revealed its decision to transition from Ethereum’s Layer-2 blockchain to Solana. In addition with this migration, the memecoin will go for rebranding, adopting the new name $ARMY.
The Pacmoon team expressed dissatisfaction with Blast, citing its lack of support for native tokens and insufficient community focus. Lamboland, a team member, commented, “Working with Blast has consistently posed challenges for us.
The Pacmoon website features a countdown indicating the migration will occur on August 14. So by August 14 it is instructed that to burn all $PAC tokens holded by Pacmoon holders. In return, the team will airdrop $ARMY tokens based on the amount of $PAC burned.
Benifits of shifting Pacmoon to solana network and rebranding
Bobby Big Yield, another team member, expressed strong confidence in Solana’s future, stating, “It’s clear to us that Solana will continue to lead as the top choice for memecoins this cycle.” The team is optimistic that Solana’s growing popularity among a wide range of crypto traders will greatly benefit the rebranded $ARMY.
The rebranding should help Pacmoon stand out in Solana’s busy memecoin scene. Solja Boy added, “This change will let us do things no other project can and boost our chances of success”.
According to CoinMarketCap, There are following announcement and instructions, $PAC increased by 118.8% in the last 24 hours, reaching $0.048. The token’s market cap is currently $22.3 million, though it peaked at over $104 million in June.
Memecoins on Solana have become very popular this year, with a market cap of $6.47 billion and $2.94 billion in trading volume in the last 24 hours, according to CoinGecko.
Pacmoon’s switch from Blast to Solana reflects dissatisfaction with Blast’s support and community focus. This change might strengthen the memecoin’s position in Solana’s active market.
