One of the largest by market capitalization in the Blast network, the meme coin Pacmoon, is moving to the Solana blockchain. This was announced by the developers of the asset, explaining their decision by the âzero social supportâ from the Blast blockchain, which does not stimulate the development of its own tokens.
We believe that tokens, community, and culture are what make a blockchain successful. However, Blast has never focused on this, - wrote one of the Pacmoon developers, known under the pseudonym LambolandNFT.
When migrating from Blast to the Solana blockchain, the Pacmoon memcoin will be renamed to ARMY. PAC holders are encouraged to burn their tokens to qualify for the ARMY airdrop on Solana. This must be done by August 14th.
Following the news, PAC's price soared more than 50% to reach $0.044, a level last seen in mid-July 2024.
Experts are confident that Pacmoon's move to another blockchain will put the memecoin in a better position, as Solana has already earned a reputation as a successful launchpad for meme tokens.
On the other hand, PAC, or rather, ARMY, will have to face more powerful competitors. For example, the largest asset on the network, dogwifhat, whose market capitalization is approaching $1.7 billion. Currently, PAC's capitalization is $16 million.#binance $BTC
