Safemoon was the project that I used to initiate myself into the crypto memecoin space, it was the first memecoin I invested in that gave me my first 10X, felt so good, I am glad I took profit because the project is currently in a state where investing is extremely risky. Safe moon made a lot of people’s dream come true as it did 10X - 100X in less than 3 months. Lots of us started speculating on the price of safe moon getting to $1 per token, because the supply was huge, hence the high quantity in token, I had about millions in quantity. Before I understood the supply and demand rule and how impossible it is for a meme shitcoin like that to get to $1 I was also dreaming, I was speculating.
Safemoon migrated its smart contract to another smart contract, that discouraged me and gave me the idea that this project could be a loss at my end, so I sold my safe moon token. Since I took that action, I have never looked back and regretted my action because the token has been tanking, lately it had $8 Million sucked off its liquidity by a foot runner. I still dont understand how front running works but seeing the news today brought back memories of those days when I was having high hopes and dreaming the token would skyrocket to $1 per token from $0.000000006, what an unrealistic dream right.
In the discord group we also had a lot of dreamers like me that were hoping the token would do the same thing, hoping we would use our safe moon money to buy a lambo, hence, WEN Lambo. This made a lot of people stay patient and waited for when its going to moon, its name is literally safe moon, but will it moon? The team behind the project seem transparent and sincere as the token has been functional, trading and not rugged since the past two years it was launched. Thinking about the project is making me want to do more research abut it to know if they have improved in their utilities, what making the project a valuable one.
