Blast Community Token PacMoon Is About to Have a Big Change

Key Points:

• Blast community token PacMoon hints at possible expansion to Ethereum, Base, Solana, and Cardano.
• Changes to X’s privacy settings in June disrupted PacMoon’s SocialFi model.
• PacMoon’s value has fallen by over 90% since its peak in early June.

The Blast community token PacMoon is in search of new potential grounds on other blockchains as Blast is no longer the promised land for the project.

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Blast Community Token PacMoon Contemplates Expansion to Major Blockchains

The Blast community token PacMoon has floated hints regarding the potential migration or expansion to the most outstanding blockchain networks, which include Ethereum, Base, Solana, and Cardano. Although this happens to be development on its side, it opens a number of questions in terms of not engaging the community on such decisions.

PacMoon, which came into the scene due to the unique SocialFi approach, has been hit by headwinds so hard. PacMoon V2 launched in May and focussed on the SocialFi problem by incentivising end-users with high quality content on X, formerly Twitter, with meaningful tokens.

PacMoon’s solution was successful at first, but was brought to an abrupt halt in June due to a change that X made regarding how it handles ‘likes’ of a user, making the data private and hence strongly hitting PacMoon’s model, flagging their dependence on tech giants that they were trying to disrupt.

PacMoon Value Plummets With Poor Signal From The Community

A crypto trader and two associates created the Blast community token PacMoon earlier this year. It aims to become the No.1 meme coin on Blast—something viewed as an upcoming layer-2 scaling network for Ethereum developed by the exact creators of the NFT marketplace Blur.

Not only did the founder of PacMoon, who goes by the pseudonym “Bobby Big Yield,” have in mind to make it a meme coin. The token was created to be a multifaceted community coin for a social hub for Blast’s users who have a predisposition toward finance.

Despite such ambitions, PacMoon has not been performing, and its value has plunged by over 90% from its all-time highs in early June. However, with its issues, the broader community is wondering which way the token is going, with many calling for community-based decision-making.