SAFEMOONPrice

(SAFEMOON)

SafeMoon was a cryptocurrency launched in March 2021, designed to encourage long-term holding through unique tokenomics. It implemented a transaction fee mechanism, where a 10% fee was charged on each transaction. Initially, 5% of this fee was redistributed to existing token holders as "reflections," and the other 5% was locked into a liquidity pool. It also featured a "manual burn" mechanism to reduce token supply, aiming for a "self-sustaining liquidity pool." Its initial slogan was "Safely to the moon," reflecting common crypto aspirations.

Yes, this has been a persistent and critical question. Numerous allegations and legal proceedings described SafeMoon as a pump-and-dump scheme, a Ponzi scheme, and rife with fraud. Critics highlighted its deflationary model, which they argued rewarded early holders with new investor funds, a characteristic often associated with Ponzi schemes. Concerns were also raised about a lack of utility and transparency, specifically regarding the team's control over the liquidity pool despite claims of it being locked. Former CEO Braden John Karony was found guilty of conspiracy to defraud, money laundering, and wire fraud in May 2025. The SEC also accused SafeMoon and its executives of securities fraud in November 2023.

SafeMoon's turbulent history includes several key events. After its launch in March 2021, it gained popularity. However, it soon faced multiple class-action lawsuits accusing it of being a pump-and-dump scheme. In April 2022, an investigator alleged misappropriation of funds from the liquidity pool. A significant blow came in March 2023 when SafeMoon lost $8.9 million due to a smart contract vulnerability. In November 2023, the SEC accused SafeMoon and its executives of fraud, leading to former CEO Braden John Karony's conviction in May 2025 for related charges. SafeMoon US, LLC filed for Chapter 7 bankruptcy in December 2023.

It is highly unlikely that SafeMoon (SFM) can be bought or sold in 2024 or 2025. Most major exchanges have halted trading of SFM, and any remaining trading pairs exhibit extremely low liquidity. The project's founders declared bankruptcy in 2023, and trading volume for the original token has virtually ceased. Given the legal issues and the project's overall collapse, acquiring or selling SFM through conventional means is practically impossible.

Yes, the original SafeMoon project is widely considered to be "dead" by many. It is no longer listed on most exchanges, trading volume has nearly ceased, and its founders declared Chapter 7 bankruptcy in December 2023. There are ongoing legal proceedings against former project members, with one ex-CEO already found guilty of fraud. The acquisition of its assets by the VGX Foundation through bankruptcy court further cements its defunct status, indicating no viable future for the original token and project.

SafeMoon V2 was launched in December 2021 as an updated token version. The primary differences included a consolidation of V1 tokens at a 1:1000 ratio and a reduction of the transaction fee from 10% (on V1) to 2% (on V2). For users holding original SafeMoon V1 tokens in a self-custody wallet, manual migration to V2 was required. Exchanges typically managed the migration process for tokens held on their platforms. It was critical for users to migrate correctly, as transferring V1 tokens incorrectly after the V2 launch could result in a 100% tax, leading to a complete loss of funds.