Having it's rise to fame as early as 8th of March 2021, it has been able to gain popularity and notoriety as one of the fastest growinng coin after Bitcoin, dogecoin and cardano.
 SafeMoon is a native currency of the Binance smart chain and started it's launch with an initial price of $0.00000001 but has fast risen to $1 billion, ranking it 214th in market dominance.
Because the fee for buying into SafeMoon goes back to it's earlier investors, it has been regarded as a Ponzi.
Analysts warn that these new form of altcoins appear designed to largely help early investors and developers get rich at the expense of late buyers.
 Are investors really safe in trading in SafeMoon?