The volatile coin lost two thirds of its value on Thursday morning, plunging from 0.000015 to 0.000005 in. Since then it has been on a steady downward trend despite its deflationary status. New cryptocurrency SafeMoon has suddenly plunged in value. The v2 of the Safemoon token marked its all-time high of $0.0024 at launch in January. #SAFEMOONFAMILY #SAFEMOONWALLET /cknuzmfgMv SafeMoon is a decentralised finance startup that addresses issues present in other major cryptocurrencies.Perhaps most notable, SafeMoon imposes a 10 fee on sellers, half of which is allocated to existing token holders. The next stage in our #SAFEMOONORBITALSHIELD BETA test will see more spaces opened up.Ī #SAFEMOON bug bounty program for developers will also be launched.Įxact date/time for both TBC. SafeMoon is a new cryptocurrency that is generating a lot of buzz in recent days. No dates have yet been released, however, given the limited information available about the product, any form of progress is likely welcomed within the community. 4 Safemoon announced a beta test and bug bounty program for its upcoming security product, Orbital Shield. Twitter and Reddit contain numerous community posts celebrating the weekend price action with them stating “If you are still here after all the FUD… I salute you” and “The rocket boosters just getting started.” The official Twitter account has over 1.3 million followers while the subreddit has 300 thousand subscribers. Safemoon currently describes itself as “A human-focused technology and innovation business expanding blockchain technologies for a brighter tomorrow.” Such a tagline seems far removed from its early days of a simple deflationary tokenomics project. Regardless of previous scandals the community, or SafemoonArmy, remains bullish on the project. The SAFEMOONBLOCKCHAIN development team has a new progress update they are excited to share with you. The market cap of Safemoon is not currently listed on CoinMarketCap or any. YouTuber, Coffeezilla released several videos covering the Safemoon project and shared damming allegations of widespread misconduct and fraud. Safemoon is currently listed at a price of 0.00000896 on CoinMarketCap and has a 24-hour trading volume of 133,452,772. However, #SAFEMOONBLOCKCHAIN is also trending on Twitter as the community speculates over a possible future native blockchain for the project.įollowing a continuous array of negative coverage of the Safemoon project due to past activity, the dropping of the lawsuit may indicate to some investors that those days are behind them. News that a lawsuit pursued by a Safemoon investor who claimed insiders manipulated the price for personal gain has been dropped appears to be the main catalyst for the price action. While the SFM token remains down 95% from its all-time high, as of press time, the token is still up roughly 19% on the day and 47% over the past month. The price jumped from $0.00035 at 6 am GMT to $0.00068 by 9 am GMT. SAFEMOON 2. The native token for the contentious crypto project Safemoon (SFM) has experienced extreme volatility over the weekend as the price rose 92% in the space of three hours early on the morning of Nov 5.
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