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The second token I want to cover in today's memecoin recap series is $PANGEA I genuinely like the idea behind this project. While most launchpads are still competing to attract liquidity to a single chain, Pangea is taking a different approach After spending some time digging into its product, tokenomics, roadmap, and the team's recent activity, I think $PANGEA is definitely worth keeping an eye on That said, a good concept doesn't always translate into a good investment, especially in the current market. So let's take a closer look at what makes this project interesting, the risks involved, and how I'm planning to trade it 1. What problem is Pangea trying to solve? If you've been trading memecoins for a while, you've probably seen the same story play out countless times A narrative starts trending on Solana, and suddenly similar tokens start popping up on Ethereum, Base, BSC, and other chains Liquidity, communities, and attention end up getting fragmented. Each chain has its own token, and traders are left guessing which version will become the winner Pangea wants to solve this with its One Coin – Five Chains – One Price model Simply put, a single token can launch simultaneously across five chains : Ethereum, Base, Robinhood Chain, BSC, and Solana The platform uses LayerZero OFT to transfer tokens between chains through a burn-and-mint mechanism, maintaining a shared total supply without relying on wrapped tokens Prices across chains are designed to stay relatively aligned through arbitrage. EVM liquidity pools use Uniswap v4, while Solana uses Meteora DAMM v2 Under the initial model, approximately 1 billion tokens are allocated to the liquidity pool on each chain, totaling around 5 billion tokens, with liquidity reportedly locked What I like here is that traders can stick to their preferred chains while still trading the same token. However, this also creates a potential issue: buying pressure can become fragmented across multiple chains. If liquidity and users aren't efficiently connected, the multi-chain advantage could turn into a weakness 2. $PANGEA contracts across all five chains According to the contract list published by the project + Robinhood Chain 0x30de7AE4c9578D110a97367EDe9F7765Cdce06ea + Ethereum 0x6434e57e8d12B92bb4D0b1EFb3274748B75196ea + Base 0xA551dEF8a44ea423CaA58DA45b3F5764004286Ea + BSC 0xd0cb4279e2B74c2d72EEa20Df308Fb9604E3d6Ea + Solana JAFqCQSpy5YinrsmixWSMaD7jTn4MytJRkyWvYPnY6ea These are all versions of the same $PANGEA token, not five separate projects Under its original model, Pangea doesn't have a single native or primary chain Make sure to verify the contracts directly on pangea.trade before trading 3. Tokenomics and the Buyback & Burn mechanism One thing I appreciate is that Pangea is trying to connect token value with actual platform activity Creators can customize trading fees from 0.3% to 5%. The platform takes 20% of those fees, with a stated minimum platform fee of 0.2% of trading volume, while the remainder goes to creators Of the platform's revenue, 80% is allocated to buying back and burning $PANGEA, while the remaining 20% is retained for operations. Profits generated by arbitrage bots may also be used for token buybacks Based on the dashboard snapshot I collected : > Approximately $91.6K has been used for buybacks and burns > Around 60.77M $PANGEA tokens have been burned > Approximately 794 burn transactions have been recorded > Another $8.8K is pending buyback > The combined completed and pending amount is approximately $100.4K The team also published a separate update stating that buyback and burn activity on Robinhood Chain had surpassed $100K in less than 30 hours That figure comes from a different reporting period and scope than the dashboard snapshot above For a newly launched project, I think this is a pretty solid start But buybacks don't automatically mean the price will go up. If trading volume declines, platform revenue drops with it, and buyback pressure becomes weaker 4. Does the platform have real traction yet? According to Pangea's dashboard data : > 301 tokens have been launched > Approximately $7.49M in 24-hour trading volume, across more than 55,000 transactions > Over $330K distributed to creators > Some early statistics reported around $30M in trading volume during the first 12 hours For a launchpad that only went live on October 21, these numbers are pretty interesting However, there's one thing I'm not entirely satisfied with Despite hundreds of tokens being launched, we still haven't seen a truly successful runner outside of $PANGEA itself And I think this is the biggest challenge A launchpad can generate massive volume during its first few days because of curiosity and FOMO. But to survive long term, it needs successful tokens and creators who actually want to keep coming back I'd like to see at least a few tokens launched through Pangea reach multi-million-dollar market caps and maintain decent liquidity That would be much stronger evidence that the multi-chain model actually works 5. Roadmap and upcoming catalysts Another thing I like is how quickly the team has been shipping Pangea is being built by @0xflatearth and his team, and their execution so far has been pretty impressive The platform only launched on October 21, but by October 23, the team had already completed the first three milestones of Phase 1, including chain selection during launch, identical contract addresses across EVM chains, and referral fee tracking for creators Of course, it's still very early, but seeing a team actively building and delivering features rather than just talking about future plans is definitely a positive sign Here are the catalysts I'm watching : Short-term – Phase 1 > A new experimental launch type, which the team has already teased > Custom tokenomics, allowing creators to configure buybacks, burns, and fee splits > Launch API, enabling token launches through terminals, scripts, or agents > Weighted liquidity, allowing liquidity to be distributed unevenly across chains Personally, I'm most interested in the experimental launch type and weighted liquidity If weighted liquidity works as intended, it could help address one of the biggest weaknesses I mentioned earlier: fragmented liquidity Phase 2 > AI deploys, allowing AI agents to participate in token creation > Agentic trading, enabling automated trading through bots > A dedicated multi-chain trading terminal > Developer tools and bundles > Stock pairs, potentially expanding into tokenized stock-related trading pairs Phase 3 > Uniswap v4 hooks > Migration tools, allowing existing single-chain tokens to expand across multiple chains > Deeper LayerZero integration > Privacy-related features The roadmap is pretty ambitious, but I still want to separate what the team has actually delivered from what's only planned AI deploys and agentic trading could become attractive narratives, but I'd rather see working products before assigning them too much value 6. Why am I focusing on Robinhood Chain? Although $PANGEA is deployed across all five chains, I'm personally paying more attention to the Robinhood version Two things caught my attention First, I've noticed Unipics buying $PANGEA on Solana. That's worth watching, as it could bring more attention from the memecoin community Meanwhile, the Pangea team published a dedicated post mentioning Robinhood Chain, particularly around its buyback and burn milestone That's why I've decided to make Robinhood my main focus Of course, a mention from the team doesn't mean the Robinhood version will automatically outperform the others I'll still be monitoring liquidity and capital flows across the entire ecosystem 7. Risks I'm still concerned about Even though I like the idea, there are several things I'm keeping in mind First is liquidity fragmentation Launching across five chains gives the project access to more communities, but it can also spread buying pressure across multiple markets Second is supply distribution According to the provided tokenomics, team allocation and marketing treasury account for roughly 19% of the total supply Around 15% is subject to vesting over two years, while approximately 4.18% is allocated to marketing There have also been some on-chain analyses suggesting that wallets potentially linked to the team or insiders may have accumulated around 24–30% of the supply during launch and gradually distributed tokens afterward I haven't seen enough evidence to confirm that these wallets actually belong to the team, so I'm not going to call it insider dumping Still, it's a risk worth investigating further Finally, there are technical risks Pangea relies heavily on LayerZero and its arbitrage system to maintain cross-chain functionality. There have also been questions about upgrade authority over the Solana program Any issues involving bridges, smart contracts, or liquidity imbalances could affect user confidence 8. Chart analysis and my trading plan Looking at the chart, $PANGEA initially made a strong move from below $1M to nearly $5M market cap on Ethereum before entering a significant correction The price has now dipped quite heavily and is trading around the $1.4M–$1.7M market cap range Personally, I'd like to see it consolidate within this range and attract enough buying pressure to confirm support However, if the price keeps revisiting $1.4M and simply moves sideways near the lows without any meaningful bounce, I'll become much more cautious To me, that would suggest buyers are losing strength, increasing the risk of a support breakdown My plan : > Entry : I'll start with a small position around current levels and watch how the price reacts > Key range: $1.4M–$1.7M market cap > Stop-loss: If it breaks below $1.3M, I'm cutting the position. No stubborn holding These levels are based on the Ethereum chart I'm tracking. If trading on Robinhood Chain, the corresponding market cap and pool liquidity should be checked separately I still like Pangea's overall idea, but at this stage, price action matters more than the narrative If support holds and buying pressure starts returning, I'll consider keeping the position to see how the upcoming catalysts play out On the other hand, if the structure breaks down, I'm more than happy to exit and wait for another opportunity 9. Final thoughts Overall, I really like the bigger picture behind $PANGEA The project has a genuinely interesting concept, is trying to address the chain PvP problem in memecoins, has a buyback mechanism tied to platform activity, and seems to have a team that's shipping pretty quickly However, I don't think Pangea's long-term success will be determined by how many tokens it launches or how many new features it announces What matters most is whether the platform can produce real runners, maintain trading volume, and keep creators coming back after the initial hype fades If Pangea continues to show solid activity over the next week or two and we start seeing a few successful tokens emerge from the platform, I think this narrative could attract a lot more attention For now, I'll start with a small position, keep my risk clearly defined, and let the market decide the rest A good idea doesn't mean you have to hold the token at all costs