SafeMoon is pivoting to a new phase with plans to launch a meme coin on the Solana blockchain.

The upcoming token aims to improve liquidity, giving SFM holders the ability to exchange their holdings for the new asset once it is available.

SafeMoon Meme Coin on Solana

On February 14, SafeMoon announced a shift in direction, stating that the project is now fully controlled by its community.

As part of this transition, the team revealed its plans to introduce a Solana-based meme coin. The goal is to adopt a lighthearted, community-led approach with no predefined use case, focusing solely on engagement.

“This Valentine’s Day, we’re proving our love for the community in the best way possible—by handing SafeMoon over to you. No teams. No roadmaps. No false promises. Just pure, unfiltered, community-driven meme energy,” the team stated.

Many expected the contract to be released immediately. However, the team later clarified that they are keeping it private due to internal technical adjustments.

SafeMoon stated that the delay will streamline the automated swap process for SFM V2 holders. The team emphasized that this step is necessary for a smooth transition.

Also, they warned users not to buy any version of SafeMoon on Solana before the official contract is live to prevent scams.

“Let’s be crystal clear: the contract is NOT public yet. If you’re buying a ‘SafeMoon’ on Solana (or anywhere else) right now, you ARE getting scammed. Wait for us to drop the official contract address. Don’t get rekt,” SafeMoon warned.

After launching the meme coin, SafeMoon will allow existing SFM holders to swap their tokens through the VGX wallet. This move will inject liquidity into the ecosystem and create a new use case for the community.

SafeMoon Burns 2.2 Trillion Tokens

SafeMoon’s shift to Solana comes after the project burned 2.2 trillion SFM tokens across Ethereum, Polygon, and Binance Smart Chain.

Yesterday, the project announced that it had removed nearly all tokens on Ethereum and Polygon and about 60% from the Binance Smart Chain supply.

Meanwhile, these efforts follow a concerning history marked by fraud allegations and bankruptcy. Back in 2023, the project’s CEO and CTO were arrested by the US DOJ on allegations of using investor funds for personal expenses.

At its peak, SafeMoon’s market cap soared to over $1 billion, which has now dropped below $20 million.

US authorities accused SafeMoon’s leadership of misusing investor funds, alleging that over $200 million in locked funds were withdrawn to buy personal luxury cars and property. This led to the project’s bankruptcy filing in December.

Following these setbacks, the VGX Foundation acquired SafeMoon through a bankruptcy court ruling.

“The VGX Foundation purchased SafeMoon assets independently through bankruptcy courts – nothing happening right now is a revival by former actors. The VGX Foundation spent millions securing SafeMoon because they believe in the power of the community. They believe in the power of YOU,” VGX Foundation remarked.

The new strategy seeks to put past controversies behind us and place the project’s future entirely in the hands of the community.

The Real-World Assets (RWA) sector has seen explosive growth in recent months, with both its total market cap and trading volume surging at an unprecedented pace. In the last three months, RWA coins’ market cap jumped 144% to $62.7 billion, while the total value of tokenized real-world assets reached $17.3 billion, up 13% in the same period.

This rapid expansion has been fueled by increasing institutional adoption and a more favorable regulatory environment in the US following Donald Trump’s election. As capital flows into RWA projects, both major tokens and emerging players are benefiting from renewed market enthusiasm.

RWA Coins Market Cap Surged 144% In the Last 3 Months

The total market cap of RWA cryptos has surged to $62.7 billion, marking a 54% increase over the past year.

However, the most striking growth has come in the last three months, with the market cap jumping from $25.7 billion on November 4, 2024—an impressive 144% rise.

One key factor driving this surge is the shifting regulatory ecosystem in the US following Donald Trump’s election. His administration has signaled a more crypto-friendly stance, fostering optimism among institutional investors and blockchain projects tied to real-world asset tokenization.

With expectations of reduced regulatory hurdles and clearer guidelines, the RWA sector has experienced a renewed wave of capital inflows, accelerating its growth at an unprecedented pace.

Real-World Assets Leaders Are Up In The Last Seven Days

Most of the biggest Real-World Assets tokens have continued their strong uptrend, with only ONDO showing a decline in the past seven days.

Despite this short-term dip, ONDO remains up an impressive 382% over the last year, solidifying its position as one of the top-performing assets in the sector.

While ONDO lags in the weekly timeframe, other major RWA players have maintained their momentum, pushing the overall market higher.

Mantra has climbed nearly 30% in the last week, while Injective (INJ) has gained more than 16%, reflecting sustained investor interest in the sector.

Beyond these leading names, smaller RWA projects have also seen explosive moves, with PinLink surging 86% and XVS rising 77%.

Total RWA Value Surged In the Last Months

The total value of real-world assets (RWA) has reached $17.3 billion, marking a 13% increase in just the last three months and a 96% surge over the past year.

The steady rise in RWA value reflects growing confidence in the sector, driven by both institutional participation and expanding use cases.

Currently, Private Credit dominates the RWA market, accounting for $11.9 billion of the total value. It is followed by US Treasury Debt at $3.7 billion and Commodities at $1.2 billion.

The concentration in Private Credit suggests that investors see tokenization as a more efficient way to access yield. At the same time, US Treasury Debt’s presence highlights the demand for on-chain exposure to low-risk government securities.