SafeMoon's Remarkable Surge Exceeds 50% Following Migration to Solana

In an impressive turn of events, SafeMoon's price surged nearly 57% today as the project's migration to Solana nears its completion. The development team has actively been burning substantial amounts of SFM tokens while announcing a gradual airdrop to users.

A pivotal aspect of SafeMoon's strategic shift is its updated governance framework. After previous leadership was embroiled in a notorious fraud scandal, the new management aims to reshape the project into a Decentralized Autonomous Organization (DAO). This change reflects a commitment to transparency and community involvement.

SafeMoon's Move from BNB to Solana

After facing numerous challenges over the years, SafeMoon is poised for a fresh start. Since its launch in late 2021, it has come under scrutiny from crypto investigator Coffeezilla, who accused its founders of being involved in a billion-dollar fraud. Currently, the U.S. Department of Justice is prosecuting the original leaders, one of whom has already pleaded guilty.

“Four years ago, SafeMoon was born. What started as a vision has grown into a movement, a community unlike any other in the blockchain world. Today, we celebrate four years of resilience, innovation, and the incredible SafeMoon Army that has stood strong through every challenge,” announced the firm on social media.

Two weeks ago, SafeMoon officially announced its migration to Solana, marking a significant shift in strategy and image. The cryptocurrency exchange Bitrue has expressed its support for the token migration, and the development team is providing user-friendly guides to facilitate a smooth transition.

The anticipated Solana migration appears to be positively influencing SafeMoon's market price. Following the initial announcement, the new team revealed plans for a gradual airdrop, which caused an immediate price increase. Over the past week, SFM has risen nearly 92%.

Market sentiment is buoyed by SafeMoon's dedication to overhauling its governance structure. Historically, projects facing major scandals often fade away rather than implement significant changes. Just two days ago, the company announced its intention to establish an interim advisory council to oversee the transition in governance. Today, they clarified their vision by favorably likening it to a DAO:

“Community Governance is absolutely something we want to see. This is one of the things that makes getting onto a single chain and contract so important. Without this, community governance by token holders is not possible. Once the community governance structure is set up, it will be up to governance votes based on token holders on Solana,” stated the firm.

In essence, SafeMoon's transition to Solana represents only part of the broader strategy for change. As the migration date approaches, the developers are increasingly vocal about their desire for change, and if their proposed structure is successful, the project will be governed by its community. This shift is engendering optimistic sentiment within the SFM community.