Hello,
SafeMoon was one of the hottest coins in this bull market, some love it, some hate it. Warning to you all this has every signs of being an exit scam.
This coin has been dumping hard, today a whale sold trillions of it making it dump 18% more. Look at the supply of SafeMoon and their tokenomics, the supply is extremely large this is not a good sign at all, the thing that puts this in alert mode is the fact that buying it will automatically burn some of your coins making your investing smaller right from the start.
Coins or Tokens that have a large supply and promise burns to increase price as the time goes are a bit sketchy. The majority of them already rug pulled on investors and leaved them with nothing.
Right from the start SafeMoon seemed to be an exit scam, there isn't much value to add to the coin, they promise nothing new, the project isn't concrete. What will happen probably is that the creators will rug pull and leave everyone holding a worthless token.
Remember Pump and Dump schemes are all about pump and dump and nothing more, the pump already happened, now it's dumping hard and seems that there's no way to stop it.
Be carefull with this because this dip might not be worth it to buy since SafeMoon could go to zero very soon.
Best Regards,
Cryptopeach
Its my pleasure dear🤩🤩🤩✌️