The SafeMoon token experienced a significant decline in value after news broke that the company responsible for its creation had filed for bankruptcy. However, there has been a slight recovery in its price since then. The bankruptcy filing has undoubtedly raised concerns among investors, leading to the initial nosedive in the token’s value. It remains to be seen how this development will impact the future of the SafeMoon token and whether it can fully regain its previous value. Investors will closely monitor the situation as they assess the potential risks and opportunities associated with this cryptocurrency.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinSafeMoon falls 31% in five hours after filing for Chapter 7 bankruptcy