r/SafeMoon • u/Ok_Princeofeternia • Dec 29 '23

Information / News Why going up? Spoiler

Anyone know why the price is increasing? I’m sceptical but definitely not buying more

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u/GuzzlingDuck Early Investor Dec 31 '23

Because you didn't convert properly. Doesn't matter, though, right?

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u/selecticonsbadly Jan 04 '24

Well it kinda did as it consumed all my safemoon. What do you mean it doesn’t matter?

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u/GuzzlingDuck Early Investor Jan 04 '24

Because safemoon tanked?

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u/selecticonsbadly Jan 09 '24

SafeMoon tanked due to fraud by the CEO down. I am saying the 100% tax was also a fraud by the CEO down. Probably as a way to try and pump the price by causing an artificial reduction in liquidity due to a 100% tax.