SafeMoon, a cryptocurrency platform, experienced a surge in its token, SFM, following reports of plans to airdrop new tokens to existing holders. The platform is transitioning to full community control and will launch a meme coin on the Solana blockchain. The strategy involves gradually releasing tokens to prevent immediate sell-offs and attract new investors. The move comes after the platform faced legal issues in 2022 and is now fully community-controlled. SafeMoon warns users about potential scams during the transition and highlights that the official contract for the new token is not yet public.



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