![]() ![]() ![]() ![]() The SafeMoon price had already fallen from $0.008185 to $0.001151, after an earlier accusation by Fineisen that Ben Phillips, a former SafeMoon influencer and the company’s former chief marketing officer, had orchestrated an alleged $12m “pump-and-dump” fraud, promoting SafeMoon while at the same time selling millions of the tokens.įollowing the latest claim, the price crashed by another 28% and the coin was trading at $0.0005898 on 19 April. Findeisen claimed that SafeMoon had a deal with Bitmart, whereby the exchange sent the 5% of SafeMoon tokens meant for burning to Karony while distributing the rest among holders – with Karony allegedly just pocketing the tokens. On 18 April 2022, allegations of a SafeMoon fraud were made in a YouTube video by “internet detective” Coffeezilla, real name Stephen Findeisen, with the claim that SafeMoon CEO John Karony has not been adding SafeMoon from sellers to the liquidity pool. This encouraged people to hold on to their coins. SafeMoon’s most interesting feature is that anyone who sells a SafeMoon coin will be subject to a 10% sales tax, with 5% redistributed to people who are still holding their coins, and the other 5% burned. So what does this mean for a SafeMoon price prediction today? Accusations of “pump-and-dump” fraud and other alleged shenanigans involving the crypto token SafeMoon (SFM) saw the coin’s price plunge 50% in a fortnight in the middle of April 2022. ![]()
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