safemoon
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SafeMoon plunges 31% in five hours after filing for Chapter 7 bankruptcy.
Decentralized financial protocol token SafeMoon (SFM) plunged 31% in five hours after the company filed for bankruptcy.
Safemoon officially filed for Chapter 7 bankruptcy protection in a Dec. 14 filing in the U.S. Bankruptcy Court in the District of Utah. The voluntary petition was filed by attorney Mark Rose with Chief Judge Joel T. Marker assigned to the case. Bankruptcy filing today in the United States Bankruptcy Court in the District of Utah. Source: US Government
A screenshot of a letter to employees, purportedly written by the company's head of restructuring, has appeared on Reddit, explaining that its run-up to bankruptcy was the reason it was no longer able to pay employees' salaries before the declaration.
“You will need to file a claim in bankruptcy court for your unpaid wages,” the document reads.
The latest blow comes just a month after the US securities regulator charged SafeMoon, its founder Kyle Nagy, CEO John Karony and CTO Thomas Smith in November with violating securities laws in that which the regulator described as “a massive fraudulent scheme”.
According to CoinGecko, the cryptocurrency fell from $0.000065 on December 14 at 20:24 UTC to $0.000045 in the span of five hours following the news. However, it bounced back to $0.000061 in a quick span of 10 minutes.
SFM has fallen 98.2% from its highest price of $0.0033 on January 5, 2022, and its market capitalization, once $1 billion, has now plummeted to $34.5 million. $BTC $ETH $BNB #finance #trading #money #eth #safemoon
Decentralized financial protocol token SafeMoon (SFM) plunged 31% in five hours after the company filed for bankruptcy.
Safemoon officially filed for Chapter 7 bankruptcy protection in a Dec. 14 filing in the U.S. Bankruptcy Court in the District of Utah. The voluntary petition was filed by attorney Mark Rose with Chief Judge Joel T. Marker assigned to the case. Bankruptcy filing today in the United States Bankruptcy Court in the District of Utah. Source: US Government
A screenshot of a letter to employees, purportedly written by the company's head of restructuring, has appeared on Reddit, explaining that its run-up to bankruptcy was the reason it was no longer able to pay employees' salaries before the declaration.
“You will need to file a claim in bankruptcy court for your unpaid wages,” the document reads.
The latest blow comes just a month after the US securities regulator charged SafeMoon, its founder Kyle Nagy, CEO John Karony and CTO Thomas Smith in November with violating securities laws in that which the regulator described as “a massive fraudulent scheme”.
According to CoinGecko, the cryptocurrency fell from $0.000065 on December 14 at 20:24 UTC to $0.000045 in the span of five hours following the news. However, it bounced back to $0.000061 in a quick span of 10 minutes.
SFM has fallen 98.2% from its highest price of $0.0033 on January 5, 2022, and its market capitalization, once $1 billion, has now plummeted to $34.5 million. $BTC $ETH $BNB #finance #trading #money #eth #safemoon
🇺🇸 SEC charges SafeMoon crypto token & its executives with fraud.
#safemoon
#safemoon
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I was talking to my friend last night that $MICE might be the next BRC-20 coin to take off. A few hours later, Elon tweets about "mice" and $MICE does a 2x...
https://x.com/elonmusk/status/1735699782897672686?s=20
Sure, we got a little lucky with Elon... but the whole BRC-20 ecosystem seems like a tinderbox right now 🧨 💥
$RATS just got listed on Binance Futures and recently did a 7-10x, now with a market cap of $500 million... yes, half a billion.... not yet listed for spot trading on Binance, but maybe Soon... .
CoinGecko claims that $RATS has a 24-hour trading volume of $350 million! Is not it fantastic!? We are not talking about small sums here. $MATIC also had volume of $350 million, so we're talking about a coin that has traded as much as $MATIC in the last 24 hours...
https://www.coingecko.com/en/coins/rats
So there's clearly this BRC-20 "animal" trend, but which animals might wake up next? I don't know for sure, I can't reveal the future and I can't give financial advice, but I'm studying a lot...
All of this is very interesting to me is that not only is BRC-20 very intense right now, but there are also many fewer choices within this ecosystem, especially for the trend of animals, compared to the numerous level 1 ecosystems and all their various coins. ..so it seems there is somewhat of a "squeeze" with these BRC-20 animal coins.
The downside is that for smaller ones not yet listed on exchanges, you're kind of forced to use a clunky DEX called Unisat, but hey, did I also say this is what it felt like to trade Bitcoin 7 years ago... be up front is embarrassing in the cryptocurrency world.
In a post a few days ago I wrote a long article about BRC-20, if you scroll up you can see, including further explanations about Unisat.
#Johnmiracleweb3#BRC20 #ElonMuskTalks$BTC $ETH $XRP $$
#finance #trading #money #eth #safemoon
https://x.com/elonmusk/status/1735699782897672686?s=20
Sure, we got a little lucky with Elon... but the whole BRC-20 ecosystem seems like a tinderbox right now 🧨 💥
$RATS just got listed on Binance Futures and recently did a 7-10x, now with a market cap of $500 million... yes, half a billion.... not yet listed for spot trading on Binance, but maybe Soon... .
CoinGecko claims that $RATS has a 24-hour trading volume of $350 million! Is not it fantastic!? We are not talking about small sums here. $MATIC also had volume of $350 million, so we're talking about a coin that has traded as much as $MATIC in the last 24 hours...
https://www.coingecko.com/en/coins/rats
So there's clearly this BRC-20 "animal" trend, but which animals might wake up next? I don't know for sure, I can't reveal the future and I can't give financial advice, but I'm studying a lot...
All of this is very interesting to me is that not only is BRC-20 very intense right now, but there are also many fewer choices within this ecosystem, especially for the trend of animals, compared to the numerous level 1 ecosystems and all their various coins. ..so it seems there is somewhat of a "squeeze" with these BRC-20 animal coins.
The downside is that for smaller ones not yet listed on exchanges, you're kind of forced to use a clunky DEX called Unisat, but hey, did I also say this is what it felt like to trade Bitcoin 7 years ago... be up front is embarrassing in the cryptocurrency world.
In a post a few days ago I wrote a long article about BRC-20, if you scroll up you can see, including further explanations about Unisat.
#Johnmiracleweb3#BRC20 #ElonMuskTalks$BTC $ETH $XRP $$
#finance #trading #money #eth #safemoon
🚨 𝗦𝗔𝗙𝗘𝗠𝗢𝗢𝗡 𝗔𝗟𝗘𝗥𝗧: 𝗠𝗔𝗝𝗢𝗥 𝗙𝗥𝗔𝗨𝗗 𝗨𝗡𝗩𝗘𝗜𝗟𝗘𝗗 🚨
The SEC has dropped a bombshell on SafeMoon! 📉
Charging the creators and top brass for a massive fraudulent scheme, they promised to take us "safely to the moon" but instead 🌕💥
💔 Wiped out billions in market cap
💰 Withdrew $200M+ from the project
🏠 Splurged on luxury homes, cars, extravagant travel
Nagy swore that funds were locked, untouchable, but it was all a charade! Large parts of the liquidity pool were never locked, millions were misappropriated. 🤯
SafeMoon's price skyrocketed, but on April 20, 2021, the truth hit hard: the liquidity pool was NOT locked! 📈📉
Karony and Smith tried to save the sinking ship by manipulating the market and wash trading. 🔄
SafeMoon investors, beware! 🚀
#safemoon
The SEC has dropped a bombshell on SafeMoon! 📉
Charging the creators and top brass for a massive fraudulent scheme, they promised to take us "safely to the moon" but instead 🌕💥
💔 Wiped out billions in market cap
💰 Withdrew $200M+ from the project
🏠 Splurged on luxury homes, cars, extravagant travel
Nagy swore that funds were locked, untouchable, but it was all a charade! Large parts of the liquidity pool were never locked, millions were misappropriated. 🤯
SafeMoon's price skyrocketed, but on April 20, 2021, the truth hit hard: the liquidity pool was NOT locked! 📈📉
Karony and Smith tried to save the sinking ship by manipulating the market and wash trading. 🔄
SafeMoon investors, beware! 🚀
#safemoon
The Best Meme Cryptocurrencies to Buy and Hold
Meme cryptocurrencies have taken the crypto market by storm, capturing the attention of both investors and the broader public. While often seen as jokes, some of these coins have proven their resilience and potential for growth. Here’s a look at the best meme cryptocurrencies to consider buying and holding.
1. Dogecoin (DOGE)
Originally created as a joke, Dogecoin has become the most recognizable meme cryptocurrency. Its strong community, frequent endorsements from celebrities like Elon Musk, and its use in charitable causes have helped maintain its relevance. With a robust support network, DOGE is a strong contender for long-term holding.
2. Shiba Inu (SHIB)
Marketed as the "Dogecoin killer," Shiba Inu has gained a massive following and has been actively developing its ecosystem, including the ShibaSwap platform. Its vibrant community and ambitious projects make it a meme coin worth considering for the long haul.
3. SafeMoon (SAFEMOON)
SafeMoon gained popularity for its unique tokenomics, which incentivize holding through a redistribution model. With an active community and ongoing development efforts, it appeals to those looking for a meme coin with a potential use case.
4. DogeDash (DOGEDASH)
This meme coin combines gaming and cryptocurrency, allowing players to earn rewards while playing. Its innovative approach and engaging community make it an interesting project to watch as it seeks to carve out its niche in the gaming sector.
5. Kishu Inu (KISHU)
Kishu Inu has gained traction as another dog-themed meme coin.It focuses on creating a decentralized community and has been working on projects to enhance its ecosystem, including a decentralized exchange.
6. Pitbull (PIT)
Pitbull is a community-driven token that aims to support various charitable initiatives. Its emphasis on community engagement and philanthropy, along with its active social media presence, makes it a noteworthy.
7. Hoge Finance (HOGE)
Hoge combines deflationary tokenomics with a meme culture, allowing holders to earn rewards while contributing to the coin’s supply reduction. Its community-driven initiatives and focus on sustainability add to its appeal.
8. Woofy (WOOFY)
An extension of the popular Meme token project, Woofy offers a playful take on DeFi. Its community and unique branding create a fun environment, making it an intriguing option for those looking to invest in a meme coin with potential.
9. Poodle (POODLE)
Poodle is another community-driven project that emphasizes charity and engagement. Its lighthearted branding and focus on social initiatives give it a strong sense of purpose, attracting a dedicated following.
10. Elon Musk Doge Token (ELON)
Inspired by Elon Musk, this token aims to capture the spirit of the meme culture surrounding the billionaire. With its fun branding and community focus, it remains popular among meme coin enthusiasts.
Conclusion
Meme cryptocurrencies can be highly volatile and speculative, but they offer unique opportunities for investors willing to embrace the risk. While some may have genuine utility, others thrive purely on community sentiment and social media hype. As always, it's crucial to conduct thorough research and consider your risk tolerance before diving into the meme coin market.
#Doge #safemoon #SHIB
1. Dogecoin (DOGE)
Originally created as a joke, Dogecoin has become the most recognizable meme cryptocurrency. Its strong community, frequent endorsements from celebrities like Elon Musk, and its use in charitable causes have helped maintain its relevance. With a robust support network, DOGE is a strong contender for long-term holding.
2. Shiba Inu (SHIB)
Marketed as the "Dogecoin killer," Shiba Inu has gained a massive following and has been actively developing its ecosystem, including the ShibaSwap platform. Its vibrant community and ambitious projects make it a meme coin worth considering for the long haul.
3. SafeMoon (SAFEMOON)
SafeMoon gained popularity for its unique tokenomics, which incentivize holding through a redistribution model. With an active community and ongoing development efforts, it appeals to those looking for a meme coin with a potential use case.
4. DogeDash (DOGEDASH)
This meme coin combines gaming and cryptocurrency, allowing players to earn rewards while playing. Its innovative approach and engaging community make it an interesting project to watch as it seeks to carve out its niche in the gaming sector.
5. Kishu Inu (KISHU)
Kishu Inu has gained traction as another dog-themed meme coin.It focuses on creating a decentralized community and has been working on projects to enhance its ecosystem, including a decentralized exchange.
6. Pitbull (PIT)
Pitbull is a community-driven token that aims to support various charitable initiatives. Its emphasis on community engagement and philanthropy, along with its active social media presence, makes it a noteworthy.
7. Hoge Finance (HOGE)
Hoge combines deflationary tokenomics with a meme culture, allowing holders to earn rewards while contributing to the coin’s supply reduction. Its community-driven initiatives and focus on sustainability add to its appeal.
8. Woofy (WOOFY)
An extension of the popular Meme token project, Woofy offers a playful take on DeFi. Its community and unique branding create a fun environment, making it an intriguing option for those looking to invest in a meme coin with potential.
9. Poodle (POODLE)
Poodle is another community-driven project that emphasizes charity and engagement. Its lighthearted branding and focus on social initiatives give it a strong sense of purpose, attracting a dedicated following.
10. Elon Musk Doge Token (ELON)
Inspired by Elon Musk, this token aims to capture the spirit of the meme culture surrounding the billionaire. With its fun branding and community focus, it remains popular among meme coin enthusiasts.
Conclusion
Meme cryptocurrencies can be highly volatile and speculative, but they offer unique opportunities for investors willing to embrace the risk. While some may have genuine utility, others thrive purely on community sentiment and social media hype. As always, it's crucial to conduct thorough research and consider your risk tolerance before diving into the meme coin market.
#Doge #safemoon #SHIB
