Blast’s largest meme coin Pacmoon migrates to Solana

Pacmoon, the largest meme coin by market cap on the Blast network, is switching to Solana due to “zero social support.”

Pacmoon (PAC), the largest meme coin by market cap on the Blast network, is migrating to Solana due to a lack of social support on its current platform, creating a system where native tokens are “not actively incentivized.”

The decision was announced by a Pacmoon team member known by the nickname @LambolandNFT from the X account on August 7, emphasizing that the main motivation behind this decision was Blast’s lack of social support.

“We think that what makes blockchain successful is the tokens, the community, and the culture. But Blast has never focused on that.”

Lamboland

In its transition to Solana (SOL), Pacmoon will be rebranded as ARMY. Existing holders are encouraged to burn their existing PAC tokens to qualify for the ARMY airdrop on Solana before the August 14 deadline. As of press time, Blast has not made any public statements regarding Pacmoon’s transition.

Following the news, PAC’s price rose by more than 50%, reaching a high of $0.044, last seen in mid-July. While Pacmoon is not the largest token in the Blast ecosystem by market cap, it stands out among meme coins on the network with a market cap of $16 million.

Pacmoon’s move into Solana positions could put it in a highly competitive environment, as the network has recently gained a reputation as a launchpad for meme coins. According to CoinGecko, the largest meme coin on Solana, dogwifhat (WIF), has a market capitalization approaching $1.7 billion, creating significant challenges for Pacmoon to gain significant traction and market share.