The memecoin market is experiencing a seismic shift as two major developments unfold simultaneously on August 9, 2024. Pacmoon, the largest meme coin on the Blast Layer 2 network, announces its migration to Solana, while TRON founder Justin Sun unveils SunPump, a dedicated memecoin launchpad that aims to challenge Solana’s dominance in the token creation space.
TL;DR
- Pacmoon, Blast’s largest meme coin, announces migration to Solana with a rebrand to ARMY
- TRON launches SunPump, its first dedicated memecoin launchpad, competing directly with Pump.fun
- The meme coin market on Solana processes thousands of new token launches daily
- Bitcoin trades at $60,880 as crypto markets stabilize after a volatile week
- The developments signal intensifying competition among blockchains for memecoin activity
Pacmoon’s Bold Move to Solana
In a decision that sends ripples through the Blast ecosystem, Pacmoon reveals plans to abandon the Ethereum Layer 2 network and relocate to Solana. The move comes with a complete rebrand — the PAC token transforms into ARMY — and highlights growing dissatisfaction among developers with Blast’s approach to native token support.
Team member “Bobby Big Yield” does not mince words about the reasoning behind the switch. “It is clear to us that Solana will continue being the number one place for meme coins this cycle,” he states. “New retail traders are onboarding to SOL and crypto natives are rotating into it. SOL’s strength provides a massive boost to every coin on its chain.”
The criticism of Blast is pointed. Another team member, “Lamboland,” argues that while tokens, community, and culture drive blockchain success, Blast “never” focused on these elements. The network allegedly created a system where native tokens are “actively disincentivized,” and the team provided “zero social support.” He summarizes the experience bluntly: “Building on Blast has always been an uphill battle for us.”
The Migration Mechanics
The transition process requires active participation from token holders. Pacmoon holders must burn their existing PAC tokens before the August 14 deadline. In return, the team distributes ARMY tokens proportionally on the Solana blockchain. The deadline creates urgency — any PAC tokens not burned by August 14 remain stranded on the Blast network with diminishing prospects.
Ethereum and Base were reportedly considered as alternative destinations before Solana won out. The choice reflects Solana’s growing dominance in the memecoin space, where thousands of new tokens launch daily through platforms like Pump.fun. While many of these tokens fade into obscurity, the infrastructure and liquidity on Solana provide genuine opportunities for projects with strong community backing.
TRON Enters the Memecoin Arena
Not content to let Solana monopolize the memecoin frenzy, TRON officially launches SunPump on August 9, 2024 — its first dedicated memecoin launchpad. The platform allows users to create and trade memecoins with minimal friction, leveraging TRON’s low transaction fees and substantial liquidity reserves.
The timing aligns with Justin Sun’s keynote at the Asia Blockchain Summit 2024 in Geneva, where TRON DAO serves as a title sponsor. SunPump is explicitly positioned as TRON’s answer to Solana’s Pump.fun, the dominant memecoin launchpad that has processed billions in trading volume throughout 2024.
Within weeks of its launch, SunPump generates approximately 30 million TRX — equivalent to roughly $4.5 million — demonstrating immediate market demand for TRON-based memecoin infrastructure. The platform’s rapid traction suggests the memecoin phenomenon extends well beyond a single blockchain ecosystem.
The Broader Memecoin Landscape
These developments occur against a backdrop of explosive memecoin activity across the crypto space. Fortune reports that memecoins represent the hottest sector in crypto, though a staggering 97 percent of launched tokens are already effectively dead. The statistic underscores the high-risk, high-reward nature of memecoin trading, where community strength and timing determine survival.
Bitcoin holds steady at approximately $60,880 on August 9, recovering from a dip below $58,000 earlier in the week that triggered significant exchange outflows. The broader market’s stabilization provides fertile ground for memecoin speculation, as traders rotate profits from major assets into higher-risk plays.
Why This Matters
The simultaneous emergence of Pacmoon’s Solana migration and TRON’s SunPump launch reveals a fundamental truth about the current crypto cycle: memecoins are no longer a sideshow. They represent a primary driver of chain activity, user acquisition, and liquidity flow. Blockchains that fail to cultivate memecoin ecosystems risk losing relevance, as Pacmoon’s departure from Blast demonstrates.
The competition between Solana and TRON for memecoin dominance also signals maturation in the space. What began as a niche phenomenon on Ethereum has evolved into a multi-chain arms race, with each network vying to attract the next viral token. For traders and investors, the lesson is clear — the infrastructure matters as much as the token itself, and the platforms that lower barriers to creation while maintaining liquidity will capture the lion’s share of activity.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk. Always conduct your own research before making investment decisions.
pacmoon ditching blast for solana is brutal for the blast ecosystem. when your biggest project leaves you know something is wrong
building on blast has always been a pain, direct quote from the team. blast fumbled hard on native token support
blast_victim_ bobby big yield was not wrong though. solana memecoin volume is 10x blast. you go where the liquidity is
pumpfun_refugee the liquidity argument is everything. blast had yield but solana had buyers. memecoins need exit liquidity not farming rewards
solana memecoin volume is literally 10x every other chain combined. you dont leave that liquidity for TRON unless justin sun is paying you
degens_rule when your biggest project leaves the chain is basically a death sentence. blast never recovered from losing pacmoon
blast needed pacmoon way more than pacmoon needed blast. the whole TVL narrative was propped up by one token
blast had one job and still fumbled native token support. pacmoon leaving was the canary in the coal mine
blast needed pacmoon more than pacmoon needed blast is exactly right. one token leaving and the L2 TVL narrative collapses tells you everything
Catalin P. nailed it. blast needed pacmoon way more than pacmoon needed blast. one token leaving and the entire L2 TVL narrative crumbles
Catalin P. one token leaving and the TVL story collapses is the most brutal L2 obituary possible. blast needed pacmoon way more than reverse
SunPump competing with Pump.fun on TRON. the memecoin arms race is officially multi-chain now
this was always going to happen. solana has the memecoin infra, TRON has justin suns ego
pavel is missing the point. sunpump doesnt need culture, it needs volume. TRON has cheap fees and justin sun will subsidize the liquidity himself
pacmoon leaving blast for solana and rebranding to army, sunpump vs pump.fun is gonna be fun
btc at 60880 and memecoins still printing, solana and tron heating up
justin sun sees pump.fun printing fees and thinks TRON can do the same. the man has never built culture, only infrastructure for his own bags
SunPump on TRON is justin sun chasing relevance again. TRON has zero memecoin culture. this will go the way of every other TRON launchpad
sunpump processed like 12k tokens in the first week and 95 percent were rugs. classic justin sun playbook
Chaiya T. 12k tokens on SunPump in week one and 95pct were rugs. classic Justin Sun playbook. copy pump.fun with zero quality control and subsidize liquidity
Chaiya T. 12k tokens launched on SunPump in week one and almost all were rugs. Justin Sun basically franchised pump-dot-fun with zero quality control
TRON memecoin culture is justin sun talking to himself with sock puppet accounts lol
memecoin liquidity is a winner-take-all game. solana won because of jupiter aggregation and phantom UX, not because of fees. TRON has neither
Hyun-woo K. Jupiter aggregation is the real moat. Solana memecoin volume is 10x every other chain because the swap UX actually works
tron copying the model already, classic
sunpump on tron competing with pump.fun is hilarious. justin sun copies whatever is hot and slaps his name on it. zero originality