In a bold move to accelerate growth and bolster its market position, PacMoon, the popular memecoin previously operating on the Blast blockchain, has announced its transition to the Solana network. This migration aims to leverage Solana’s high-performance capabilities to enhance the token's scalability and functionality.
As part of the transition, PacMoon is initiating a token conversion process. Current PAC token holders on the Blast blockchain will have the opportunity to burn their tokens in exchange for ARMY tokens on the Solana network. The conversion ratio is set at 10:1, meaning holders will receive 1 ARMY token for every 10 PAC tokens they burn.
The announcement has sparked a surge of optimism within the PacMoon community. In the wake of the news, the token's value has seen a remarkable increase of 65%, with its market capitalization rising to $11.2 million. This positive market reaction underscores the community’s enthusiasm for the strategic shift and the anticipated benefits of the new network.
Holders have a window of opportunity until August 14th to complete the burning process. The migration will culminate with an airdrop of the new ARMY tokens on August 15th. This final step marks the completion of PacMoon’s transition and the official launch of its presence on the Solana blockchain.
The migration is expected to provide PacMoon with enhanced speed, lower transaction costs, and greater scalability, aligning with the growing demands of the crypto space. Solana’s robust infrastructure is anticipated to support the memecoin’s ambitious growth plans and drive further adoption.
With the migration process underway, PacMoon’s move to Solana represents a significant strategic shift aimed at solidifying its position in the competitive memecoin market. The community and investors alike will be watching closely as the transition progresses and the new ARMY tokens make their debut.
For more information on the token burn process and the upcoming airdrop, holders are encouraged to visit PacMoon’s official website and social media channels.
August 2024, Cryptoniteuae