Pacmoon ($PAC), the largest memecoin on Blast network by market cap, is leaving the Ethereum Layer-2 blockchain for Solana, its team announced on X today. With the move, the memecoin is expected to be rebranded into a new token, $ARMY, according to the announcement.

“Building on Blast has always been an uphill battle for us,” Pacmoon team member Lamboland wrote on X. “We think that tokens, community, and culture are what make a blockchain successful. However, Blast never focused on that.”

Lamboland claimed that Blast developed a framework that “actively disincentivized” native tokens on the network and provided “zero social support.”

The Pacmoon team advised holders to burn their $PAC tokens before Aug. 14, and said that it will airdrop holders the new $ARMY token based on how much …