Pacmoon (PAC), the leading memecoin on the Blast network, is preparing to move to the Solana blockchain and rebrand as ARMY. The announcement caused significant activity in the market and a significant increase in the token value.
Pacmoon Memecoin Announces Switch to Solana and Rebrand as ARMY
In a major development for the Memecoin industry, Pacmoon (PAC) announced its migration from the Ethereum Layer-2 Blast network to the Solana blockchain.
According to a statement published by the Pacmoon team on X today, this move will be accompanied by the rebranding of memecoin as ARMY.
Lamboland, a member of the Pacmoon team, criticized the Blast network, stating that it “actively discourages” native tokens and lacks sufficient social support. Explaining the decision to switch to Solana, Lamboland wrote, “Building on Blast has always been a challenge for us.”
To facilitate the transition, the Pacmoon team instructs holders to burn their PAC tokens before August 14.
In return, holders will receive new ARMY tokens based on the amount of PAC they burned. The Pacmoon website currently has a countdown showing that the switch will happen in six days.
Another team member, Bobby Big Yield, expressed optimism about this move, noting Solana's growing popularity among new retail traders and crypto enthusiasts. “It is clear to us that Solana will continue to be the #1 destination for memecoins this cycle,” he said.
The rebranding to ARMY aims to capture a wider audience in the competitive Solana memecoin market.
*This is not investment advice.
