SafeMoon to Launch Memecoin on Solana After Major SFM Token Burn
- The SafeMoon team plans to launch a memecoin on Solana (SOL) at 1:00 AM UTC on Saturday.
- They have burned 2.2 trillion SFM tokens across Ethereum, Polygon, and Binance Smart Chain networks.
- Almost all Ethereum and Polygon supplies were eliminated, along with roughly 60% of the Binance Smart Chain supply.
- SFM holders can exchange their tokens for the new memecoin via the VGX wallet.
- SafeMoon’s market cap once peaked at $17 billion but now stands at approximately $41 million.
The SafeMoon team is launching a new memecoin on Solana after burning significant portions of its existing SFM token supply, allowing holders to swap their tokens via the VGX wallet.
Source (2.6)https://www.coindesk.com/markets/2025/02/14/safemoon-to-launch-memecoin-on-solana-after-burning-most-of-sfm-supply?rand=52298
