SafeMoon Raises $1m for Crypto Exchange As Price Tumbles 60% From All-Time High

John Wu, president of Ava Labs—which developed the Avalanche platform for building crypto networks—said SafeMoon had benefited from social media hype.

He told Markets Insider: "Worst case, this is a scam or Ponzi scheme. Better case, this was a euphoric rally driven by TikTok and other viral marketing engines."

Link to post here.