{"id":54385,"date":"2025-06-17T15:04:07","date_gmt":"2025-06-17T15:04:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/can-the-sfm-token-rise-with-the-new-safemoon-on-solana-council\/"},"modified":"2025-06-17T15:04:07","modified_gmt":"2025-06-17T15:04:07","slug":"can-the-sfm-token-rise-with-the-new-safemoon-on-solana-council","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/can-the-sfm-token-rise-with-the-new-safemoon-on-solana-council\/","title":{"rendered":"Can the SFM token rise with the new SafeMoon on Solana council?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Can-the-SFM-token-rise-with-the-new-SafeMoon-on-Solana-council-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Can-the-SFM-token-rise-with-the-new-SafeMoon-on-Solana-council-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Can-the-SFM-token-rise-with-the-new-SafeMoon-on-Solana-council-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Can-the-SFM-token-rise-with-the-new-SafeMoon-on-Solana-council-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>SafeMoon has relaunched on Solana with a new DAO and leadership.<\/li>\n<li>The SafeMoon community is voting to revive reflection rewards for engagement.<\/li>\n<li>SFM price shows signs of recovery but faces cautious sentiment.<\/li>\n<\/ul>\n<p>SafeMoon (SFM), once hailed as a community-powered force in decentralised finance (DeFi), is attempting a bold comeback under new leadership.<\/p>\n<p>This comes after a troubled history of scandals, losses, and legal fallout that left many investors disillusioned and the project all but declared dead.<\/p>\n<p>Now, with a completely new team and a fresh launch on the Solana blockchain, the rebranded SafeMoon DAO is hoping to rekindle trust, rebuild momentum, and deliver on the promises that were once broken.<\/p>\n<p>However, whether this revived vision can translate into a real rise in the value of the SFM token depends on both market sentiment and the new team\u2019s ability to follow through with action.<\/p>\n<h2>A fresh start on Solana<\/h2>\n<p>The newly established SafeMoon council, operating as a decentralised autonomous organisation (DAO) on Solana, has formally distanced itself from the previous management.<\/p>\n<p>In a <a href=\"https:\/\/x.com\/safemoon\/status\/1934780584263602471\">public letter to the community<\/a>, the council has issued a heartfelt apology, acknowledging the pain of past failures while vowing to chart a more transparent and community-led path forward.<\/p>\n<p>By relaunching on Solana, a blockchain known for its speed and low transaction costs, the new team hopes to create a more robust and scalable environment for SafeMoon\u2019s ecosystem.<\/p>\n<p>They have also emphasised that none of the individuals involved in the original SafeMoon leadership\u2014now embroiled in fraud convictions and criminal charges\u2014are part of the current project.<\/p>\n<p>This complete organisational reset may help reframe SafeMoon in the eyes of the crypto community, especially as the new team leans into transparency, accountability, and community engagement.<\/p>\n<h2>Legal clouds still loom over SafeMoon<\/h2>\n<p>Despite the renewed efforts, the dark cloud of past scandals continues to cast a long shadow over SafeMoon\u2019s reputation.<\/p>\n<p>Just last month, former CEO Braden Karony was convicted in a US federal court on multiple counts of securities fraud, wire fraud, and money laundering after <a href=\"https:\/\/coinjournal.net\/news\/safemoon-founders-arrested-on-wire-fraud-and-money-laundering-charges\/\">his arrest in 2023<\/a> and the <a href=\"https:\/\/coinjournal.net\/news\/safemoon-cto-pleads-guilty-to-200m-crypto-fraud\/\">Safemoon CTO\u2019s guilty plea<\/a> in February this year.<\/p>\n<p>Karony\u2019s actions, including the misappropriation of over $9 million in crypto assets, helped trigger the collapse of the once $8 billion token and left many investors reeling.<\/p>\n<p>To make matters worse, a 2023 smart contract vulnerability\u2014infamously known as the \u201cburn bug\u201d\u2014allowed hackers to exploit SafeMoon\u2019s liquidity pool and siphon off $8.5 million in a single day.<\/p>\n<p>Although the FBI managed to recover approximately $680,000 from the breach, the financial damage and loss of community trust have been immense.<\/p>\n<p>However, with the project\u2019s leadership now completely overhauled, supporters argue that it\u2019s unfair to judge the new team by the sins of their predecessors, although this remains to be seen.<\/p>\n<h2>A new DAO proposal sparks optimism<\/h2>\n<p>In a sign that the community is willing to give the project another chance, the newly constituted SafeMoon DAO recently launched a governance proposal aimed at incentivising participation.<\/p>\n<p>The proposal, which seeks to bring back a \u201creflections-style\u201d reward system tied to DAO voting activity, has generated overwhelming support from token holders.<\/p>\n<p>The community is currently <a href=\"https:\/\/app.realms.today\/dao\/4sWNXkSTf8WiL5Ra3orys4T8UBP7qNjqzfikLv4agqj3\/proposal\/B1Ev2c76dCiJLX3kVgXYBW9dX5FHaQiWh8pfyfG41ZyC\">voting for the proposal<\/a> with hours left before the voting ends.<\/p>\n<p>At press time, more than 13 billion votes\u2014accounting for 99.9% of the total\u2014were cast in favour of developing this reward mechanism.<\/p>\n<p>The reflections model, once a core part of SafeMoon\u2019s appeal, redistributed a portion of transaction fees back to holders and helped drive initial excitement.<\/p>\n<p>Reintroducing this mechanism, but this time linked to governance participation, could motivate long-term engagement while enhancing the utility of the token.<\/p>\n<p>The council has also committed to showcasing creative community projects in a metaverse gallery and using their official channels to spotlight SafeMoon holders\u2019 efforts across the broader crypto space.<\/p>\n<h2>Can the SFM token really rise again?<\/h2>\n<p>SFM\u2019s price has shown notable signs of recovery, currently trading around $0.00001418, with intraday highs near $0.0000152 and lows at $0.00001417.<\/p>\n<p>Over the past week, the token has fluctuated modestly, dipping around 5% as the broader crypto market.<\/p>\n<p>In April, SFM experienced a sharp 25% uptick following <a href=\"https:\/\/x.com\/safemoon\/status\/1910567602726068552\">SafeMoon\u2019s migration to Solana<\/a>. The gains were, however, tempered by profit-taking that caused a resumption of the bear trend.<\/p>\n<p>Now, whether the SFM token can climb back from its fall depends largely on the new team\u2019s ability to deliver consistent results over time.<\/p>\n<p>For many in the community, the transparency and energy surrounding the Solana relaunch mark a stark contrast to the previous regime\u2019s opacity and misconduct.<\/p>\n<p>Importantly, the reintroduced governance rewards might provide long-term price support by encouraging sustained token holding and engagement.<\/p>\n<p>Momentum is clearly building again, driven by grassroots engagement and a deep desire among holders to reclaim SafeMoon\u2019s lost glory.<\/p>\n<p>However, analysts warn that current selling pressure could negate momentum unless the team delivers on roadmap items and DAO initiatives.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-3.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/can-the-sfm-token-rise-with-the-new-safemoon-on-solana-council\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) SafeMoon has relaunched on Solana with a new DAO and leadership. The SafeMoon community is voting to revive reflection rewards for engagement. SFM price shows signs of recovery but faces cautious sentiment. SafeMoon (SFM), once hailed as a community-powered force in [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":54386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54385"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=54385"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/54386"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=54385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=54385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=54385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}