This is the big risk if you save new coins (safemoon) it is better to invest in the top 10 rankings on coinmarketcap, Safemoon perpetrating a massive fraudulent scheme through the unregistered sale of the crypto asset security.
I prefer to invest in Bitcoin, Ethereum or BNB, it makes me feel safe and the risk is not too big
Just so you know, the project SAFEMOON was created during the first hype of meme coins, and that's somewhere around 2021 I think, but the project isn't new.
I knew it because I invested into it, and this is the first time I invested into a low market cap coin. I almost lost I think half or more than investing into it.
TBH, I really thought that this project is kind of dead already because there's no development about it that makes them more popular. Anyway, I don't really care anymore, and I wish that SEC will do the same with not only with meme coins, but with other coins as well. I just hope that no one here is holding that shitcoin for a very long time, hoping that it will go to the moon again after what happened.