Pacmoon (PAC), known as the largest memecoin on the Blast network. However, the Pacmoon team states they are struggling to develop their tokens on the Blast network. The team expressed that Blast’s native tokens actively discourage and do not provide social support, hence they plan to transition to Solana. This situation highlights the importance of community and culture in the Blockchain world.
Plans to Move to Solana
The Pacmoon team plans to transition to the Solana network on August 14. With this transition, the memecoin will be rebranded as ARMY. The team aims to reach a broader audience with this new name and position Solana stronger in the meme coin market. The team foresees Solana continuing to be the number one place for meme coins in this cycle, noting that new investors are turning to SOL and cryptocurrencies.
The Pacmoon team informed current PAC token holders to burn their tokens by August 14 and receive new ARMY tokens via airdrop equivalent to the burned amount. This process offers token holders an opportunity to obtain new tokens while also increasing the value of the PAC token. In the last 24 hours, the PAC token increased by 118.8% to reach $0.062, with a market cap of $22.3 million. However, it quickly dropped to $0.031.
Solana’s Rise in the Meme Coin Market Continues
The Solana network has become a platform where meme coins have continuously gained value and popularity this year. The total market cap of meme coins on Solana is $6.47 billion, with a trading volume of $2.94 billion in the last 24 hours. The Pacmoon team aims to achieve greater success in this market with the new ARMY token.
Pacmoon’s transition to Solana has caused a significant stir in the cryptocurrency world. The Pacmoon team believes that with this new step, they can implement innovations that no project has achieved before and raise the bar of success even higher. This transition is believed to contribute significantly to Pacmoon’s future success.
Pacmoon’s transition to Solana could mark the beginning of a new era for meme coins. This move once again demonstrates the importance of innovative steps and strategic transitions in the cryptocurrency world. Time will tell how successful Pacmoon will be with its new name and platform.
