At the time of this writing, SafeMoon has not made any officials available for comment.
In the 60-some days that SafeMoon (CCC:SAFEMOON-USD) has existed, it has seen a nearly 3,000% price increase. Many of those early SafeMoon investors are holding on to their tokens as they eye that rocket to the moon, and their portfolios are being bolstered in the meantime.
But with the model SafeMoon presents, and the lack of clarity around the project, it has drawn some criticism. Crypto influencers, like Lark Davis and War on Rugs, have warned investors multiple times about the token’s reward structure and the lack of details regarding its liquidity pool. “Just because you make money off of a Ponzi does not change the fact that it’s a Ponzi,” Davis says of SafeMoon.