SafeMoon V2

April

SquidGrow

SafeMoon

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 <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">
  <figcaption class="wp-element-caption">
   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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 <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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 <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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