SafeMoon’s future: what to expect with the launch of a new Solana token

SafeMoon V2 (SFM) has been thrust into the limelight again following a 115% surge over the past 48 hours.

With SFM’s price currently at $0.00007457 investors who almost lost all their investments when the project went under a few years ago are now optimistic about recovering their investments with some anticipating that the token could reach the $0.0001 mark.

The tumultuous SafeMoon journey making investors cautious

SafeMoon was acquired by VGX Foundation after it went under following the arrest of its founders on wire fraud and money laundering charges in 2023.

VGX Foundation which also acquired key assets from Voyager Digital LLC following its bankruptcy, is currently working on adapting the suite of SafeMoon products to support and enhance both the SafeMoon and VGX ecosystems.

The SafeMoon V2 which was launched in 2021 remained active after the VGX Foundation acquisition with the foundation embarking on rebuilding the various SafeMoon V2 decentralized apps including the SafeMoon SWaP, the SafeMoon Wallet, and the SafeMoon Wallet Tracker PRO.

SafeMoon’s native token, SFM, has remained actively tradable in the crypto market despite crashing following the arrest of the founders and Chapter 7 bankruptcy filing.

The final nail to the coffin was put by Binance which delisted the token in 2024 causing panic among investors.

However, on January 22, 2025, SafeMoon announced that MEXC is expected to re-enable $SFM deposits causing excitement among investors.

What next for the SafeMoon token?

The market performance of SafeMoon V2 token, SFM, provides a mixed bag of signals.

With a market cap of $38,518,579 and a 24-hour trading volume of $91,698.39, the token shows significant volatility, which is not unexpected in the crypto space.

However, the all-time high of $0.003383 in January 2022 contrasts sharply with its all-time low of $0.00001638 hit just a few days ago.

While the current price surge could be attributed to speculative trading, community support, or broader market trends, sustaining the momentum to reach $0.0001 would require more than just market sentiment.

The news of MEXC potentially re-enabling SFM deposits might signal a vote of confidence from this exchange, suggesting that despite legal challenges, some platforms still see value in supporting SafeMoon V2.

This could increase liquidity and accessibility, potentially aiding a price rally.

Another ‘SafeMoon’ token has been launched on Solana

Interestingly, there’s a new twist in the SafeMoon saga with the unauthorized launch of a token named SafeMoon on the Solana blockchain.

This token has no official backing from the SafeMoon team, which has explicitly warned against its use, citing trademark issues.

However, this new token has caught the attention of the crypto community, particularly with the involvement of a renowned investor known as Hank on X.

Hank has been actively managing this Solana-based SafeMoon token by buying back, burning, and locking a significant portion of its supply—41.01% burned and 8.39% locked—to potentially keep the price soaring.

This aggressive tokenomics strategy aims to create scarcity, but it also adds a layer of complexity and confusion to the SafeMoon brand, potentially impacting the original SafeMoon V2’s trajectory.

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