SafeMoon V2

April

SquidGrow

SafeMoon

<div class="finbold">
 <p class="paragraph">Over the past <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a>, SafeMoon V2 (SFM) has experienced a notable surge in value, with its price increasing by an impressive 161.90% from $0.000042 on March 13 to $0.00011 on April 12.</p>
 <p class="paragraph">Even in the past week, token saw a solid 21.00% increase in value, indicating sustained interest and support from the investor community, along with a 7.74% daily rise at press time.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="975" height="396" src="https://cdn.thebittimes.com/images/2024/04/12/40af291ed369a9b9a1a86ac65482a84c.webp" alt class="wp-image-168533" srcset="https://cdn.thebittimes.com/images/2024/04/12/40af291ed369a9b9a1a86ac65482a84c.webp 975w, https://cdn.thebittimes.com/images/2024/04/12/40af291ed369a9b9a1a86ac65482a84c.webp 300w, https://cdn.thebittimes.com/images/2024/04/12/40af291ed369a9b9a1a86ac65482a84c.webp 768w" sizes="(max-width: 975px) 100vw, 975px">
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   SFM 7-day price chart. Source: <em>CoinMarketCap</em>
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 <p class="paragraph">When zooming out, SafeMoon V2 has experienced a substantial 44% price drop over the past year, placing it behind 98% of the top 100 crypto assets in performance, currently trading below its 200-day simple moving average.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">With just 12 green days in the last 30, representing 40% of the period, its volatility is evident, further highlighted by its staggering 97% decrease from its all-time high.</p>
 <p class="paragraph">However, SFM’s journey extends beyond price movements. Amidst its meteoric rise, SafeMoon finds itself navigating not only volatile market dynamics but also a complex legal landscape that could shape its future trajectory.</p>
 <h2 class="wp-block-heading" id="h-sfm-legal-battle">SFM legal battle</h2>
 <p class="paragraph">The token now finds itself at the center of a high-stakes legal battle which could have significant implications for the future of Decentralized Finance (DeFi).&nbsp;</p>
 <p class="paragraph">The ongoing court case involving CEO John Karony has intensified public scrutiny.&nbsp;</p>
 <p class="paragraph">The crux of the dispute hinges on a critical question: is SafeMoon a security?&nbsp;</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">John Karony's defense is arguing that #SAFEMOON is not a security. If the court accepts that, then it would mean we have 2 crypto's #XRP and #SAFEMOON that would not be considered a security.<br><br> Whatever happens to John is up to the court, but how will this ruling actually impact…</p>— SquidGrow Joe (@SquidGrowJoe) April 12, 2024
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 <p class="paragraph">This classification carries significant weight, potentially leading to a regulatory overhaul for DeFi. Karony, along with creator Kyle Nagy and CTO Thomas Smith, faces charges of securities fraud, wire fraud, and money laundering conspiracy, potentially leading to 45-year sentences.&nbsp;</p>
 <p class="paragraph">Their defense vehemently argues that SafeMoon doesn’t meet the criteria of a security.</p>
 <p class="paragraph">A favorable ruling could have far-reaching consequences, not only for SFM but for the entire DeFi ecosystem. If the court agrees with Karony, the token could join non-security cryptocurrencies like Ripple (XRP).&nbsp;</p>
 <p class="paragraph">This precedent could pave the way for a clearer regulatory framework, fostering innovation and growth within DeFi.&nbsp;</p>
 <p class="paragraph">It’s worth noting that in July 2023, Ripple Labs, the company behind XRP, achieved a landmark legal victory against the SEC in a similar case concerning whether XRP was a security.&nbsp;</p>
 <p class="paragraph">Following this win, the price of XRP experienced a notable increase.&nbsp;</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="975" height="396" src="https://cdn.thebittimes.com/images/2024/04/12/6eb78b33d66361bc53c9399aac007ac0.webp" alt class="wp-image-168532" srcset="https://cdn.thebittimes.com/images/2024/04/12/6eb78b33d66361bc53c9399aac007ac0.webp 975w, https://cdn.thebittimes.com/images/2024/04/12/6eb78b33d66361bc53c9399aac007ac0.webp 300w, https://cdn.thebittimes.com/images/2024/04/12/6eb78b33d66361bc53c9399aac007ac0.webp 768w" sizes="(max-width: 975px) 100vw, 975px">
  <figcaption class="wp-element-caption">
   XRP last-year price chart. Source: <em>CoinMarketCap</em>
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 </figure>
 <p class="paragraph">This historical precedent suggests that a favorable outcome for SafeMoon could similarly boost investor confidence and propel the price of the token many have long forgotten about.</p>
 <h2 class="wp-block-heading" id="h-clearer-regulatory-framework-for-defi-projects">Clearer regulatory framework for DeFi projects</h2>
 <p class="paragraph">The outcome of SafeMoon’s legal battle remains uncertain, but its ramifications extend far beyond the token itself.&nbsp;</p>
 <p class="paragraph">The case underscores the increasing regulatory scrutiny faced by cryptocurrencies and their creators.&nbsp;</p>
 <p class="paragraph">Regulatory bodies like the Securities and Exchange Commission (SEC) are closely monitoring developments, seeking to enforce compliance and protect investors in a constantly evolving landscape.</p>
 <p class="paragraph">Prominent figures like Binance co-founder Changpeng Zhao and executives from FTX also face legal challenges concerning fraud and market manipulation, highlighting the need for greater regulatory clarity and accountability within the cryptocurrency space.</p>
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 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/safemoon-v2-is-up-over-150-in-a-month-is-sfm-back-tbt85220.html">https://thebittimes.com/safemoon-v2-is-up-over-150-in-a-month-is-sfm-back-tbt85220.html</a></p>

SafeMoon V2 is up over 150% in a month; Is SFM back?

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