Timeline of the Decline
April 2021
$0.00001399
All-Time High - Peak euphoria
May 2021
$0.000003
Tokenomics questioned, early whales dumping
October 2023
$0.000000008
SEC charges fraud, freezes assets
Current
$0.00000001
Post-collapse trading
What Went Wrong
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SEC Fraud Charges
The SEC charged SafeMoon executives with fraud, securities violations, and misappropriating investor funds for personal luxury purchases.
-
Unsustainable Tokenomics
The 10% transaction tax (5% to holders, 5% to liquidity) was marketed as innovation but actually just enriched early holders.
-
No Real Product or Utility
Despite promises of a wallet, exchange, and blockchain, SafeMoon never delivered substantial products beyond hype and marketing.