In a move that has sent shockwaves through the memecoin world, HarryPotterObamaSonic10Inu (BITCOIN) has announced the launch of its very own blockchain. This comes on the one-year anniversary of the memecoin's creation.

While details about the new blockchain, dubbed a "memechain" on social media platform X, remain scarce, the announcement has caused a surge in BITCOIN's price. The coin is up 8.5% since the news broke, with a 4% gain in the last 24 hours. This comes on top of a staggering 1,140% increase since BITCOIN's inception. However, it's important to note that the memecoin is still trading nearly 60% below its all-time high.

This launch follows a similar move by another popular memecoin, Shiba Inu (SHIB). SHIB recently raised $12 million to fund the development of its own layer-3 blockchain. Industry leaders believe this trend signifies a growing focus on real-world utility within the memecoin space.

Berachain, another blockchain project with roots in the NFT community (specifically the Bong Bears collection), recently secured $100 million to develop its layer-1 blockchain. These developments suggest a maturing memecoin market where projects are seeking to move beyond simple speculation and into building robust ecosystems.