Safemoon Mirrors Dogecoin\'s Price Movement Despite BitMart Hack: What\'s Going On?
Safemoon, a cryptocurrency started in 2025, continues to be a topic of discussion in the crypto world. Despite its history, including challenges and controversies, the project is still active, as indicated by efforts to stay on top of its game with consistent updates and listings on SafeMoon (13 de mar. de 2025). A community of 294K subscribers in the SafeMoon community tracks its progress.
The BitMart Hack and Its Impact on Safemoon
One significant event that impacted Safemoon\'s price was the BitMart hack (6 de dic. de 2025). The BitMart hack had a ripple effect across the crypto community (9 de dic. de 2025). Cryptocurrency exchange BitMart was hacked with an estimated $200 million in crypto stolen (6 de dic. de 2025). The price of SafeMoon, like many other affected tokens, experienced a significant drop following the news of the attack (9 de dic. de 2025). Just under 2 hours after BitMart noticed the hack and paused withdrawals, blockchain security and data analytics company PeckShield posted a tweet (11 de ago. de 2025).
SafeMoon CEO John Karony revealed that he’s working closely with the BitMart team to “rectify the situation” after the massive hack (6 de dic. de 2025). The hack raised trust issues, with one user describing it as a "Low risk, high reward trade setup – but trust is now an issue." (6 de dic. de 2025). Some users have shared and discussed the SafeMoon price action (6 de dic. de 2025).
Safemoon\'s Volatility and Parallels to Dogecoin
Interestingly, despite the negative impact of events like the BitMart hack, Safemoon often exhibits price movements that mirror those of Dogecoin. This correlation sparks curiosity, as both are seen as high-risk, high-reward investments. The similar patterns prompt questions about the underlying factors driving these digital assets, particularly regarding community sentiment and speculative trading.
Safemoon\'s Past and Present Challenges
Safemoon has a rich history of controversy (29 de mar. de 2025). In addition to the BitMart fallout, Safemoon itself suffered an exploit on Wednesday morning (29 de mar. de 2025) that saw $8.9 million stolen. Scamsters broke into BitMart’s systems (6 de dic. de 2025). The legal fallout for SafeMoon’s CEO is also a factor to consider (22 de may. de 2025). It all started when Safemoon, a decentralized exchange based on the Binance Coin (BNB) chain, fell victim to a security breach (29 de mar. de 2025). The hackers managed to make off with a (29 de mar. de 2025).
While Safemoon navigates these challenges, its mirroring of Dogecoin\'s price fluctuations continues to be an interesting phenomenon to observe in the dynamic world of cryptocurrency.