Pacmoon, the biggest meme coin by market capitalization on the Blast network, is moving to Solana over “zero social support.”
Pacmoon (PAC) is migrating to Solana due to a lack of social support on its current platform, which hampers native tokens.
The decision was disclosed by a Pacmoon team member known as @LambolandNFT in an X post on Aug. 7, citing the lack of social support from Blast as the main reason.
“We think that tokens, community, and culture are what make a blockchain successful. However, Blast never focused on that.”
— Lamboland
During the transition to Solana (SOL), Pacmoon will be rebranded as ARMY. Current holders should burn their PAC tokens for an ARMY airdrop on Solana before Aug. 14. As of now, Blast has not commented on Pacmoon’s migration.
Following the news, PAC’s price soared by over 50% to $0.044, a level last seen in mid-July. While not the largest token on Blast by market cap, it shines among meme coins, boasting a market cap of $16 million.
Pacmoon’s migration to Solana might put it in a highly competitive environment as the network has recently earned a reputation as a launchpad for meme coins. According to CoinGecko, the largest meme coin on Solana, dogwifhat (WIF), has a market capitalization nearing $1.7 billion, posing significant challenges for Pacmoon to gain traction.
