- Blast community token PacMoon makes suggestions on potentially expanding to Cardano, Ethereum, Base, and Solana.
- PacMoon’s SocialFi concept was affected in June by changes made to X’s privacy settings.
- The value of PacMoon has decreased by more than 90% since it peaked in early June.
Since Blast is no longer the project’s promised location, the community token PacMoon is looking for new potential home on other blockchains.
The Blast Community Token PacMoon Is Considering Growing Into Major Blockchains
PacMoon, the community token for Blast, has hinted at a possible migration or growth to some of the most notable blockchain networks, such as Ethereum, Base, Solana, and Cardano. While this may be considered progress on their end, it raises several concerns about the lack of community involvement in such decisions.
PacMoon has been severely impacted by headwinds since entering the market thanks to its innovative SocialFi strategy. With its May launch, PacMoon V2 addressed the SocialFi issue by rewarding end users with significant tokens for posting high-quality content on X, the former Twitter.
Not only was it the intention of PacMoon’s founder, Bobby Big Yield, to turn the cryptocurrency into a meme? The purpose of the token’s creation was to serve as a multipurpose community coin and social hub for Blast users that lean toward finance.
PacMoon has not been performing in spite of these aspirations, and its value has dropped by more than 90% from its peak in early June. But because of these problems, the general public is unsure of the token’s future and many are advocating for community-based decision-making.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
