Facing development challenges and lack of community support on Blast, Pacmoon plans to transition to the Solana network for better growth opportunities.
Pacmoon (PAC), the most significant memecoin on the Blast network. Nevertheless, the Pacmoon team has reported that they are encountering difficulties in the development of their tokens on the Blast network.
The team stated that Blast’s native tokens actively discourage and do not provide social support. Consequently, they intend to transition to Solana. The significance of community and culture in the Blockchain world is underscored by this circumstance.
On August 14, the Pacmoon team intends to migrate to the Solana network. The memecoin will be rebranded as ARMY as a result of this transition.
With this new moniker, the team intends to expand its audience and fortify Solana’s position in the meme coin market. The team anticipates that Solana will remain the premier destination for meme coins in this cycle, as new investors are increasingly interested in SOL and cryptocurrencies.
The Pacmoon team has advised current PAC token holders to fire their tokens by August 14 in order to receive new ARMY tokens via airdrop to the equivalent of the burned amount.
This process provides token holders with the opportunity to acquire new tokens, thereby increasing the value of the PAC token. The PAC token has gained 118.8% in the past 24 hours, reaching $0.062 and a market capitalization of $22.3 million. Nevertheless, it plummeted rapidly to $0.031.
This year, the Solana network has evolved into a platform where meme coins have consistently increased in value and popularity.
The trading volume of meme coins on Solana last 24 hours was $2.94 billion, with a total market cap of $6.47 billion. The Pacmoon team is committed to achieving greater success in this market by introducing the new ARMY token.
Pacmoon’s decision to transition to Solana has generated considerable controversy within the cryptocurrency community.
The Pacmoon team is confident that this new initiative will enable them to introduce innovations that have never been achieved before and to elevate the bar of success even further. It is anticipated that this transition will have a substantial impact on Pacmoon’s future success.
The transition from Pacmoon to Solana has the potential to usher in a new era for meme currencies. This action serves as another illustration of the significance of strategic transitions and innovative measures in the cryptocurrency sector. Pacmoon’s success with its new identity and platform will be determined by the passage of time.
