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Safemoon Not So Safe? BSC Token Jumps By Over 10 Times, Then Halves

Safemoon, a Binance Smart Chain token, soared by 16 times in the past week driven by TikTok videos, only to immediately whiplash holders as it went on a dizzying ride that has halved its value. The token, whose platform’s only use case is to provide mechanisms to manipulate its price, is 54% below its high…
By: Owen Fernau •
Safemoon Not So Safe? BSC Token Jumps By Over 10 Times, Then Halves

Safemoon, a Binance Smart Chain token, soared by 16 times in the past week driven by TikTok videos, only to immediately whiplash holders as it went on a dizzying ride that has halved its value. The token, whose platform’s only use case is to provide mechanisms to manipulate its price, is 54% below its high…

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