 | I have been documenting the ongoings on SafeMoon for quite some time and posting to this sub. It was strange after my first post that users started complained that the sub went private as I've haven't had any issues accessing it. Regardless, it looks like the Safemoon show is finally over. The Safemoon whales have sold their tokens and the price has tanked. Strewn around the battlefield are the bagholders. It's kinda depressing but it goes to show they sunk-cost-fallocy is a thing. This is just showing the losses for the past month and not the losses from when the majority of Safemoon "investors" FOMOed in at aths. Below you will see a table that shows the top 20 or so SafeMoon whales. The first column shows the rank and the last three show their total Safemoon holdings, 24hr and 7 day volume change (buys/sell) respectively. The sells are shown as negative. Focus on the purple highlighted rows.
4 of the Top 10 Whales Started Selling Days Ago
4 of the Top 10 Whales Still Selling Today As we can see, whales have started selling and are slowly unloading their bags on those who still believe in and hold Safemoon. They know they are facing a loss and are just trickle selling to try and stop the price tanking and to salvage as much funds as possible. Look at all that burning and it has no effect on the price. And inverse effect if anything. I saw a few comments on this sub about former Safemoon holders some of who only sold for a loss a few weeks ago, and a single person who decided to never sell and hold till it either recovers or goes to zero. I'm happy at least a few could salvage what they could before it completely collapsed. As for that one dude.....that's honestly on you mate. Now how does the Safemoon team handle this? Well all of a sudden "investors" are a priority and the team wants to hear from them in a post titled "Hey Safemoon Reddit, Let's Talk". You'd think sh*t hit the fan already but this is just a case of explosive diarrhea. The post opens with a statement around the popular sentiment of the Safemoon crowd that "'We're being censored!' " and goes on to assure the sub members that they are not censored. Then, well I'll let the community speak for itself. Not to mention, in that post itself there were 10 deleted comments removed(tracked using a Reddit archival tool add-on as well as Revedit) by that/those representative(s) of the Safemoon team, the same person(s) who started the post in the first place. They just deleted whatever comments they made that had a very high downvote ratio, which most of them did anyway. And rightfully so because if you read any of the comments, it's just word salad and coorporate speak. The people who did comment asking hard questions were just ignored. A very strange reply here considering it's these guys' whole JOB. And this comment pretty much sums everything up. And of course, it was ignored. This is the part where I would say at least people learned their lesson. Some people learn the easy way and some take a more difficult route. But then the delusion continues... Followed by a much more sensible comment So all I can say is that it was a hell of a ride. And I do hope at least some people learned something. This may be a casino. but some bets are just extremely bad ones. RIP Safemoon, i.e. Rest-In-Pieces [link] [comments] |
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