The SafeMoon craze first took hold soon after the new cryptocurrency was launched in March of 2021, and although it’s traded mostly downward after its initial spike in May, a large portion of the early adopters have continued to HODL and continue to build the community.
Over the past 30 days, the coin has seen a massive resurgence in price, literally doubling in price between October 23rd and today.
Safemoon was first created as a BEP20 token to become one of the first true DeFi cryptos, meaning that a portion of each trade is given out to holders, another portion is given to a liquidity pool, and another portion is forever burned (meaning it’s deflationary).
The coin recently launched their very own wallet app for both Android and Apple, which has already been downloaded over 600,000 times.
The #SAFEMOONWALLET is LIVE on iOS 🚀🔥🍏
Download now:https://t.co/RMlxPIjPzU#SAFEMOON #SAFEMOONARMY pic.twitter.com/hOb1B98ClR— SafeMoon (@safemoon) October 6, 2021
There are currently rumors that it might soon be listed on another Top 5 exchange (most think it will either be KuCoin or Gemini), which could cause another major pop in price.
Additionally, their subreddit community (a leading source for information and community building for crypto coins) is about to hit 300k followers and has been gaining traction exponentially as new developments increase.
Do you currently own any Safemoon?
Do you think Safemoon is about to pop?