SafeMoon Pumps 31,157% in 24 Hours as OG Dev Stirs Up the Community
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SafeMoon’s been in the headlines for all the wrong reasons over the past couple of years, but today it’s making noise for something big—a massive 31,157% pump on Solana that has traders and OG holders buzzing. The token, now sitting at $0.03124, is showing life again thanks to a mix of nostalgia, community hype, and some surprise moves by one of its original developers.
Here’s the scoop: Hankusun, one of SafeMoon’s early devs (and notably not caught up in the legal drama that sank the original project), just accepted 50% of the SafeMoon supply on Solana.
He’s reportedly added a slice of it to the liquidity pool (LP), supposedly to boost price stability and funnel fees back to early investors who got wrecked. While the community’s stoked about the gesture, some eagle-eyed users on X (formerly Twitter) are calling out Hankusun for only adding 7% of what he promised to the LP, sparking debates over whether this is legit or just another cash grab.
Adding fuel to the fire, SafeMoon deposits were re-enabled on MEXC, giving the token a much-needed liquidity boost and visibility in the market. Combine that with the die-hard enthusiasm of SafeMoon’s loyalists, and you’ve got the perfect storm for this price rally. Trading volume over the past day hit $164.2M, with buys ($82.4M) and sells ($81.8M) nearly neck-and-neck, showing that this isn’t just some bot-driven pump—real traders are in the mix.
Still, the baggage is hard to ignore. SafeMoon’s been through the wringer with lawsuits, fraud allegations against its execs, and an $8.9M exploit in 2023 that tanked investor confidence. Throw in a Chapter 7 bankruptcy filing late last year, and it’s clear the project’s been skating on thin ice for a while.
So, what’s next? The FDV is sitting at $31.5M, and liquidity’s at $1.1M on Solana, which isn’t bad for a token that most people thought was dead in the water. But with its meme-coin status and a history of broken promises, this rally feels more like a nostalgia-fueled moonshot than a sustainable comeback.
Also, consider the example of VINE, which skyrocketed recently after its creator launched the $VINE toked. This could highlight the “power of the devs”.
SafeMoon’s showing signs of life, but the play here is risky. If you’re jumping in, do it with eyes wide open—this pump could fizzle as quickly as it started. As always, DYOR (do your own research) and don’t let the hype blind you.
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