The cryptocurrency community (120btC.coM): Decentralized Finance protocol SafeMoon( SFM) has recently experienced a major turning point, as the official team migrates the native Token SFM to Solana, burns a large amount of tokens, and announces phased airdrops. The market’s enthusiasm instantly surges, driving SFM’s price to soar by over 80% today.
The transformation of Safemoon this time is not just a technical migration, but also involves a comprehensive reshaping of governance architecture. In the past, the original core team of Safemoon was notorious for suspected fraud, but now, with the new team taking over, it is striving to transform into a decentralized autonomous organization (DAO), in order to completely rid itself of the past shadows.
SafeMoon has been in constant turmoil over the past two years, and now choosing to migrate from BNB Chain to Solana is equivalent to opening a second life in the blockchain world. SFM Token, launched in 2021, was pointed out by well-known cryptocurrency investigator Coffeezilla for being involved in ‘billions of dollars of fraud’ by the development team, becoming a hot topic in the market.
Currently, the US Department of Justice has filed a lawsuit against members of the SafeMoon original team, one of whom has already pleaded guilty.
SafeMoon officially announced its migration to Solana two weeks ago, hoping to bring a new image to the project through a dual transformation of technical architecture and governance model. Cryptocurrency exchange Bitrue has also confirmed its support for this migration.
The market reacted strongly to the news. After the official announcement of the migration by SafeMoon, the price of SFM coins quickly surged, and the subsequent release of the airdrop plan further boosted market sentiment.
CoinGecko market data shows that SFM is currently trading at $0.00009142, skyrocketing by 81.2% in the past 24 hours and surging by as much as 177.7% in the past week.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
