SafeMoon (SFM) Price Prediction 2025-2030: Exploit causes chaos, SFM suffers

ambcrypto.com:

As soon as SafeMoon upgraded its smart contracts, an exploiter detected and exploited a bug in the code that led to theloss of $8.9 million from the memecoin’s liquidity pool.

As a result of the incident, the price of the Safemoon (SFM) token fell by 35% to $0.00016736. 

The banking crisis following the collapse of the crypto-friendly Silicon Valley Bank (SVB), in addition to regulatory actions, has certainly affected the performance of most cryptocurrencies adversely. But Safemoon (SFM) has kept itself afloat, thanks to its strong community.

Read Price Prediction for SafeMoon [SFM] for 2023-24

Safemoon has been heavily marketed as a long-term investment opportunity. To accomplish this, it increases transaction fees by 10%, with coin owners receiving 50% of the funds. Safemoon has had a difficult year, with the company accused of price manipulation through celebrity endorsements, prompting some investors to sue. 

Since its introduction, SafeMoon has outperformed most top meme coin projects’ ROI, where most of them have been operating for a year. In fact, once upon a time, SafeMoon’s CMC page had more visits than Bitcoin (BTC) and Ethereum (ETH) combined. SafeMoon, at the time, received a breakout reaction, or nearly a million searches, according to Google’s trending statistics of the globe filter.

In 2021, SFM significantly repaid its investors. Given how volatile the crypto market is, it is impossible to predict the price of SafeMoon or any other cryptocurrency in the future. However, given that SafeMoon switched to V2 in December 2021, the performance of SFM Coin in the future is promising. This coin is actively promoted by the SafeMoon army, which works nonstop day and night.

This article will take a look at SafeMoon’s