SafeMoon (SFM) is a cryptocurrency launched in March 2021 with a unique tokenomics model designed to reward long-term holders and discourage selling.
- Reflection: A portion of each transaction fee is redistributed to existing token holders, incentivizing them to hold onto their SFM for longer periods.
- LP Acquisition: A percentage of transaction fees is automatically added to the liquidity pool, aiming to provide stability and maintain the value of the token.
- Token Burn: SafeMoon employs a manual burning mechanism to periodically reduce the circulating supply of SFM tokens, with the goal of increasing demand and value over time.
- SafeMoon gained significant popularity upon launch, fueled by celebrity endorsements and social media hype.
- However, the project has been surrounded by controversy, including security vulnerabilities, accusations of being a pump-and-dump scheme, and facing multiple class-action lawsuits.
- In November 2023, the SEC and the US Department of Justice charged SafeMoon’s CEO and other executives with fraud and money laundering, alleging they diverted millions of dollars from the liquidity pool for personal use.
- Following the charges, SafeMoon declared Chapter 7 bankruptcy in December 2023.
- As of August 2025, SafeMoon is no longer actively developed, and trading volume has significantly decreased.
- The former CEO was convicted of conspiracy to defraud, money laundering, and wire fraud in May 2025.
- Some exchanges may still facilitate trading of the token, but liquidity is extremely low.
- Investing in cryptocurrencies like SafeMoon carries inherent risks, including market volatility and potential for scams.
- The lack of regulation in the crypto space further amplifies these risks, [according to Investopedia].
In conclusion, SafeMoon has experienced a turbulent history marked by controversies and legal issues. While it aimed to revolutionize the DeFi space with its unique tokenomics, it failed to deliver on its promises and ultimately faced bankruptcy.
Is SafeMoon coin worth anything?
Thanks for asking. Right now, 1 SafeMoon V2 is worth about $0.00000536.
What happened to SafeMoon?
Good point! In December 2023, SafeMoon declared Chapter 7 bankruptcy, and as a part of this process was acquired by the VGX Foundation.
How much is SafeMoon V2 worth?
The live SafeMoon V2 price today is $0.000006 USD with a 24-hour trading volume of $114,077 USD.
Can I still buy SafeMoon?
Good point! While KuCoin does not currently support purchasing SafeMoon V2 (SFM), you can buy SFM via other centralized exchanges (CEXs), crypto wallets, or decentralized exchanges (DEX). Refer to the guides on “How To Buy SafeMoon V2 (SFM)” to learn more.