Crypto Chaos: SafeMoon Soars While Bitcoin Sinks – What’s Next?

by

In the shadowy corridors of the crypto market, a somber tale unfolds. Bitcoin, once a titan, now languishes below the $83,000 mark, a mere whisper of its former glory. Yet, amidst this bleak landscape, a few audacious altcoins dare to defy gravity.

As the clock ticks, CoinGecko’s data reveals a grim reality: Bitcoin (BTC) has plummeted by 4.4% in the last 24 hours. Oh, the irony! The king of cryptocurrencies, reduced to a jester in the court of digital finance.

Altcoins Spike Triple Digits

Enter SafeMoon (SFM), the phoenix rising from the ashes, boasting a staggering 494.3% increase in just 24 hours. From a humble $0.00001186, it has soared to $0.00007107. A miracle? Or just a clever trick of the market?

What fuels this meteoric rise? Token burns, my friends! On March 7, the project proudly announced the incineration of over 7.95 billion and 7.70 billion SFM tokens. A fiery spectacle indeed!

🚀 Burn update!
🔥 Last two burns: 7,951,346,109.55 & 7,709,249,514.63 🔥

And a fresh update to the #VGXWallet from @VGXFoundation! We like to call V4.1 “Deep Purple” 💜

Your new #SFM Solana token now has its updated icon 🎉

And a feature spotlight: Web3 Backup & Restore 💾🔁

— SafeMoon (@safemoon) March 8, 2025

But wait, there’s more! The team has unleashed two updates in rapid succession, including another monumental token burn of 8.68 billion and 8.41 billion SFM tokens. Talk about a hot streak!

Meanwhile, PWEASE token, the second contender in this bizarre race, has leaped 215.4% in a single day, climbing from $0.006037 to $0.02704. A classic case of “look, but don’t touch!”

Unlike its fiery counterpart, PWEASE lacks any substantial developments to justify its price surge. This meme coin, freshly minted on Pump.fun, is riding the wave of initial excitement typical of new tokens. But beware! Such ephemeral pumps often lead to swift corrections, making PWEASE a gamble at best.

And let us not forget VON, the native token of the play-to-earn game VAMEON, which has climbed 74% in the last 24 hours, reaching $0.0002887 from $0.0001504. A glimmer of hope in this tumultuous sea!

While the VON team remains silent, the gradual enhancements to VAMEON’s gameplay have sparked interest among players. Over the past 30 days, VON has surged more than 800%. A testament to the power of persistence!

Yet, despite these isolated triumphs, the overall sentiment in the crypto market remains one of trepidation. Bitcoin, still under the weight of selling pressure below $85,000, drags down most major altcoins with it. The global crypto market has dipped by 1.24%, now resting at a mere $2.8 trillion. A sobering reminder of the volatility that defines this realm.

Read More

2025-03-09 20:14