SafeMoon: Crypto Shitcoin Chasing GameStop Status

SafeMoon: The Memecoin With Over 2 Million Wallets

A token that its own promoters admit has no intrinsic value has attracted more than two million wallets willing to put real money on the table. This is the starting point for SafeMoon, the cryptocurrency that an organized community on Reddit aims to turn into their own GameStop moment. The recipe isn't new—buy cheap, spread the meme, and wait for the wave to carry latecomers—but here, no one pretends this is a technological revolution.

"We are a cult like Bitcoin or Ethereum," summarizes one of its promoters. "The difference is that they believe BTC and ETH have value, while we know the SafeMoon token is worthless; what's valuable is our community." That is the core of the matter: the real asset isn't the contract, it's the group.

What Is SafeMoon and Why Is It Compared to GameStop?

It started as a joke and ended up as a mass phenomenon. According to its defenders, the creators didn't reserve any coins: they released them to the market and let the community adopt them. The parallel with GameStop is explicit in the circulating narrative: retail investors coordinated online moving the price of an asset that professionals had written off. Nearly 100,000 trinc in the community where it was born and an international base counted in hundreds of thousands sustain the joke.

The most repeated argument is that Bitcoin and Ethereum no longer offer room to multiply capital, whereas a memecoin with a large, dedicated community can. To the moon, they say, half-seriously. In the ecosystem's repertoire of jokes, there are even pieces of archaeology: the claim that it was the cryptocurrency distributed at the Last Supper, and that those who stuck to the traditional silver standard ended up worse off.

Tokenomics: Token Burning and a 10% Penalty on Selling

Every buy and sell transaction activates a mechanism that destroys a portion of the total tokens and distributes another among holders. The effect is that early entrants accumulate coins without buying them, simply due to percentages, while latecomers pay a higher entry price. Those trying to exit face a penalty of 10% of the total, according to reports from traders.

This detail explains failures when selling on PancakeSwap. With a slippage of 12%, the transaction didn't complete, and it had to be raised above 15%. The community presents this as a virtue—it punishes quick exits and rewards staying put—although the practical result is that entering is easy, but leaving is much harder.

How Much Has SafeMoon Risen and Who Made Money?

The figures being discussed are spectacular. An initial rise of 46.47% trinc by 82.19% in the same token. Parallel gains in its sister coins: another memecoin in the ecosystem, the "galaxy," posted a +121.97%. There are declared cases of x200 returns after holding positions for more than a month, and nearly 16 million tokens held by a single holder.

The most frequently cited data point is the 2,025,275 holders. For believers, this proves the social base is solid. For critics, it signals the opposite: the more widely distributed the token, the less room there is for further price increases.

Exit Scam, Pump and Dump, and the Ghost of 2017

The other side of the joke involves accusations that have circulated in the sector for years. Some argue that behind these emissions lies only a textbook pump and dump, with creators copying a six-page whitepaper presentation-style document and disappearing with the money. Certain exchanges with poor fruta have been flagged for inflating volumes and for client funds whose disappearance was attributed to computer glitches. These are repeated suspicions, without verdicts.

The defense of the believers takes a different route: the biggest fraud is money created out of nothing. With that argument, the bet is justified as a way to accumulate tangible value at the expense of a monetary system they consider equally artificial. The uncomfortable detail is that the joke only works if new buyers enter.

Listing on Whitebit, ZBG, and the Fundraiser for Binance

The next chapter in the script is entry onto larger platforms. There is an imminent listing on Whitebit, a fundraising campaign to cover presence on Binance, and a debut on ZBG—one of Asia's largest by volume—that has been postponed, according to messages circulating in the community group, to prepare servers for the expected avalanche of orders. The expectation is that the hours before each listing will serve to take profits, including subsequent drops.

And here emerges the real risk, because the same person warning about the opportunity warns about the crash: the majority will sell first, and the crypto will fall, as always, by 90%. Some will leave with others' money; the last ones, with the meme.

With the joke turned into business, the community holds two incompatible ideas simultaneously: that the token is worthless and that it will go up. As long as the music plays, the party pays for itself with the entry of new holders. How many of those two million wallets know they are buying a joke, and how many believe they are buying an x10?

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This article does not constitute financial advice. Investing in cryptocurrencies carries the risk of total loss of capital.