Ethereum

Blast

Solana

Memecoin

<ul>
 <li>Pacmoon is making the move to Solana due to encountering challenges on the Blast network, including inadequate support for native tokens</li>  
 <li>With the rebranding, the memecoin will now be known as $ARMY and is offering an airdrop to holders who burn their $PAC tokens before the August 14 deadline.</li>  
 <li>Following the migration announcement, Pacmoon's value saw a 76% surge, however, its market cap still remains below its peak in June at $104 million.</li> 
</ul>  
<p>Pacmoon ($PAC), a prominent memecoin on the Blast network, is moving from the Ethereum Layer-2 blockchain to<a href="https://cryptonewsland.com/from-ethereum-to-solana-how-liquid-staking-is-shifting-defi-dynamics/" target="_blank" rel="noopener noreferrer nofollow"> Solana</a>. This decision, announced on X (formerly Twitter), includes rebranding the token to $ARMY. This transition represents a major change for memecoin, which has encountered challenges on the Blast network since its launch.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/LambolandNFT/status/1821288042641973332
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</figure>  
<p>The Pacmoon team decided to migrate to Solana due to several challenges they faced with the Blast network. According to Lamboland, a key team member, Blast network's framework did not adequately support native tokens and lacked the necessary social support for community-driven growth of meme coins. These challenges led the team to seek a more supportive environment on the Solana blockchain, known for fostering a thriving memecoin ecosystem.</p>  
<h2 class="wp-block-heading" id="h-solana-migration-process-and-market-impact">Solana,Migration Process and Market Impact</h2>  
<p>Attention all Pacmoon holders! Prior to the migration, it is recommended that you burn your $PAC tokens before August 14. Individuals who comply with this directive will be rewarded with an airdrop of the new $ARMY token. This wil be equivalent to the quantity of $PAC burned. The official Pacmoon website currently features a countdown to the migration date, signifying that the transition will be finalized within six days.</p>  
<p>Pacmoon's transition to Solana highlights the blockchain's expanding influence in the memecoin market. Solana has become a focal point for these tokens, garnering the attention of retail traders and experienced crypto investors. The<a href="https://cryptonewsland.com/pacmoons-migration-sparks-community-concerns/" target="_blank" rel="noopener noreferrer nofollow"> Pacmoon</a> team has expressed confidence in Solana's potential to persist as a leading platform for meme coins during this market cycle.</p>  
<p>Following the announcement of migration, Pacmoon's value surged, with the token price increasing by 76%% within 24 hours to $0.04054 . Despite this recent boost, Pacmoon's market cap remains significantly lower than its peak of $104 million in June, currently at $19.3 million.</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcnXAsGINzDbm0Q066_UDJmyLu5eQs-xLcjUn9kkMk7X3nMu2jBy-ysLQgGbYyO_50GKR5uPVJjmAmu2OO5I4444yyoLk8AWIwTCu487atZT-Hv1Z423AYhkMXeeJDlHwHPeYS8BZpaYonlaTY2KK9-wYF2?key=aGNueGcvW03IKVUE3ONVsQ" alt="">
</figure>  
<p><a href="https://www.coingecko.com/en/coins/pacmoon" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a></p>  
<p>In response to Pacmoon's departure, Blast founder Tieshun Roquerre, known as Pacman, revealed plans to enhance the network's reward system. This new initiative will offer "Gold" incentives to native tokens.</p> 
<p>The post <a href="https://cryptonewsland.com/solana-secures-pacmoons-future-memecoin-rebrands-amid-ethereum-exodus/" rel="noopener noreferrer nofollow">Solana Secures Pacmoon’s Future: Memecoin Rebrands Amid Ethereum Exodus</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Solana Secures Pacmoon’s Future: Memecoin Rebrands Amid Ethereum Exodus

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