Not so safe? SafeMoon’s parabolic rally isn’t sustainable, traders warn

Cointelegraph

Published Apr 22, 2021 07:46AM ET

Updated Apr 22, 2021 09:20AM ET

SafeMoon, the token on Binance Smart Chain widely recognized as the Tiktok meme coin, is seeing massive volatility after its massive gains in the past week.

According to the data from Dex.Guru, which tracks alternative cryptocurrencies on various blockchains, the price of SafeMoon dropped by nearly 50% in the last two days from $0.0000074 to $0.0000045.

Safemoon 1-day candle chart. Source: Tradingview

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