Since its launch, the safemoon price has increased by 3253%. There is no doubt this token is designed for one purpose – to increase in value. Tokenomics at play incentivizes investors to hold it to earn passive income from the transactions. In addition, it also has attracted more investors, which has pushed up the price. Those who have bought SafeMoon tokens may find it challenging to make a sale of these tokens, as they cannot be sold directly through existing common exchanges. Therefore, it’s essential to understand how SafeMoon holders can maneuver to sell their tokens and get Fiat currency. For more information about purchasing, storing, and selling SafeMoon, check the step-by-step guide on how to buy SafeMoon. Another property of Safemoon that has attracted wide criticism is the ownership pattern of the current supply of the token. A large proportion of Safemoon’s total liquidity is owned by members of the founding team. Although these funds are in a so-called lock-up, such concentration of ownership is often a cause for serious concern in the crypto space. In part, this concern is because of the influence that major holders—called whales—have over price movements when they sell.
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