Several little-known cryptocurrencies have captured widespread attention recently, thanks to Tesla CEO Elon Musk’s high-powered leadership behind Dogecoin (DOGE), lighting a fire under the nearly decades-old coin originally built to satirise the market. The result was DOGE’s “mooning”, as its value increased 3,000-fold, and others have enjoyed a similar boost. SafeMoon, which this time last year had a value of $0.000001, has also risen to the moon, surging over the last month.
How many SafeMoon coins are there?
A value named circulating supply denotes the number of any given currency on the crypto market.
The circulating supply of tokens or coins fluctuates over time, depending on their creation method.
For instance, mineable cryptocurrency supplies depend on how often and quickly people mine them.
At its peak, SafeMoon’s volume was $143,430,830 (£103,278,086) in total.
But in April 2020, SafeMoon’s volume was more than $100 million (£72 million) lower at $15,710,177 (£11,312,191).
The volume shows frenzied interest over the last year, valued at roughly $127,720,653 (£91,965,894).
SafeMoon’s current 24-hour volume is a little lower, currently estimated at $42,039,612 (£30,270,832).