SAFEMOON V2 MIGRATION

Last updated: June 19, 2025, 20:31 | Written by: Mike Novogratz

Safemoon V2 Migration
Safemoon V2 Migration

The world of cryptocurrency is ever-evolving, and sometimes that means migrations. Then try swapping BNB for Safemoon v1. Underneath will be a green upgrade to Safemoon V2 hyperlink. You click that and bam, the whole consolidation FAQ pops up again with the option to consolidate now, after clicking that option, boom another pop up Important Do not panic with the Safemoon V2 Contract there underneath with a copy button.Remember the buzz around SafeMoon?Well, it underwent a significant transformation with the SafeMoon V2 migration.If you were holding SafeMoon V1, or are just now getting involved and hearing about the migration, understanding this process is crucial. In the last safemoon Sunday of the year and later from the FUD hound, the plans for V2 migration were layed out. The first step was our migration, which is currently under way as almost holders have already found their way to V2 at this time. The second was the migration of the unlocked LP, the CEXs and pSafemoon.This wasn't just a simple update; it was a fundamental shift designed to improve the token's functionality, security, and overall ecosystem. As the Trustee for the Estate began the liquidation process, the highly sought-after SafeMoon Wallet emerged as a valuable cornerstone of the company's assets. With a widespread following and over 1.2 million downloads, the SafeMoon Wallet was extremely popular and in demand within the community.Many early investors waited eagerly for this transition, believing it would bring long-term benefits.This guide will walk you through everything you need to know about the SafeMoon V2 migration, from understanding why it happened to detailing how it worked, and addressing some frequently asked questions. Posted by u/ADCWW - 616 votes and 1,294 commentsConsider this your one-stop resource for navigating the complexities of the SafeMoon V2 migration and ensuring you are up-to-date on the current state of SafeMoon.

Whether you're a seasoned crypto enthusiast or a newcomer just learning the ropes, understanding the nuances of token migrations like this one are a vital component of investing.We will also cover the state of SafeMoon today and what this all means for holders.

Why Migrate to SafeMoon V2?Understanding the Rationale

Before diving into the ""how,"" let's address the ""why."" Why did SafeMoon need a V2, and what were the anticipated benefits? v1 to v2 Migration: Safemoon has fully transitioned away from v1 and is now fully on v2. ANY and ALL v1 transactions (send tokens, buy tokens, sell tokens) now incur a 100% tax in other words you will lose your Safemoon.The primary goal was to improve upon the original SafeMoon (V1) contract.SafeMoon V2 aimed to enhance the project's crypto economics and security features, while also preparing the groundwork for future expansion and development. But after the V2 upgrade, you will have 1 million Safemoon tokens at the price of $0.004. After Safemoon V2 migration, your Safemoon holding will be divided by the factor of 1000 and the price will be multiplied by x1000. However, your existing SafeMoon net value will remain exactly the same only the number of tokens will be reduced.One of the primary goals of any crypto project is to build a strong foundation.

  • Enhanced Security: The V2 contract was designed with updated security features to mitigate potential vulnerabilities and protect holders from exploits.
  • Improved Efficiency: The migration aimed to streamline transactions and reduce gas fees, making it more cost-effective to interact with the SafeMoon ecosystem.
  • Foundation for Future Development: V2 was intended to provide a more robust and scalable platform for future innovations, partnerships, and integrations.
  • Consolidation: The migration involved a token consolidation, reducing the total supply of tokens by a factor of 1000. Rather than forcing SafeMoon into something it s not, we embrace its true nature a community-driven memecoin fueled by humor, culture, and shared excitement. No need for utility, just an engaged community enjoying the ride.This made the price per token higher and potentially more attractive to new investors. The V2 upgradation of SafeMoon will be launched anytime soon. The migration will go into effect soon and the countdown for the V2 upgradation has already started on social media. Reports state the migration process might not happen automatically and investors need to manually set up their tokens for transition.In effect, if you had 1,000,000 V1 tokens, you ended up with 1,000 V2 tokens.

The SafeMoon V2 Migration Process: A Step-by-Step Guide

The SafeMoon V2 migration required holders to swap their V1 tokens for V2 tokens. However, we are exploring the ability to consolidate pSafeMoon in order to peg the value and price to that of the BSC Smart chain. This would become available in a later iteration after SafeMoon V2 migration on BSC. Safemoon.net has a link at the bottom that takes you to safemoon education, this is where this quote is from.While the process was generally straightforward, it was essential to follow the instructions carefully to ensure a smooth transition.The support for V1 eventually ended, and a 100% tax was implemented on all V1 transactions.

For Non-SafeMoon Wallet Users (e.g., Trust Wallet, MetaMask)

If you held your SafeMoon V1 tokens in a third-party wallet like Trust Wallet or MetaMask, you needed to manually initiate the migration process. SafeMoon Price Prediction SafeMoon Price Prediction 2025 8211; up to $0. SafeMoon Price Prediction 2025 8211; up to $0. SafeMoon Price Prediction 2025 8211; up to $0.003 SafeMoon Price Prediction 2025 8211; up to $0.008 SafeMoon 8217;s name is aHere's how:

  1. Visit swap.safemoon.net: Go to the official SafeMoon swap website using your wallet's built-in browser.
  2. Connect Your Wallet: Connect your Trust Wallet or MetaMask to the swap platform. BitMart announced that it would list Safemoon V2 (SFM) on its platform within the next 12-hours. The exchange platform is supporting the V1 to V2 migration automatically and users don t have to manually transfer them. The deposits will open at EST and the SFM/USDT pair will be availableThis usually involves selecting your wallet provider and granting permission for the website to access your wallet.
  3. Consolidate to V2 SafeMoon: Look for a tab or button labeled ""Consolidate to V2 SafeMoon!"" and click on it.
  4. Follow the Instructions: The platform will guide you through the consolidation process, which typically involves approving the transaction and confirming the swap.You'll see your balance of V1 SafeMoon and the proposed conversion to V2 (1,000 V1 = 1 V2).
  5. Add the SafeMoon V2 Contract to Your Wallet: After the swap, you might need to manually add the SafeMoon V2 contract address to your wallet to see your new balance.Copy the contract address from the official SafeMoon website or a trusted source and add it as a custom token in your wallet.This is important as your wallet needs to ""know"" about the new token to display it.
  6. Refresh Your Wallet: Refresh your wallet to update your token balance and view your SafeMoon V2 tokens.

Important Considerations for Wallet Users

  • Network Fees: Be aware of network fees (gas fees) associated with the swap transaction. For Non SafeMoon Wallet users: (Users with another wallet) You need to go to swap.safemoon.net and connect your wallet to consolidate. Firstly, you need to click on the tab in green that reads Consolidate to V2 SafeMoon! and follow the instructions to complete the process. This is only applicable for SafeMoon holders with another wallet.Make sure you have enough BNB (Binance Coin) in your wallet to cover these fees.
  • Official Sources: Always use official SafeMoon resources and links to avoid scams and phishing attempts.
  • Double-Check: Before confirming any transaction, double-check all the details, including the amount of tokens being swapped and the destination address.

For BitMart Users

Some exchanges, like BitMart, supported the SafeMoon V1 to V2 migration automatically.If you held your SafeMoon on a participating exchange, you likely didn't need to do anything manually.The exchange handled the token swap on your behalf. SafeMoon is set to launch widely anticipated V2 upgradation anytime soon. Investors community has already started the countdown on social media as they eagerly await V2 migration, which they believe will benefit them in the long run.Check with your specific exchange to confirm their support for the migration and any specific instructions you may need to follow.

What to Expect After the Migration

After successfully migrating to SafeMoon V2, there are a few things you should be aware of:

  • Temporary Price Display Issues: It's normal for the price of SafeMoon V2 to not display immediately after the migration. The tax on SafeMoon V1 was raised to 100% (Decem) when support for V1 ended. Which means that if you swapped BNB Smart Chain for 100 SafeMoon Tokens or transferred SafeMoon V1 tokens you would get zero tokens or the receiving wallet would get zero tokens. Insufficient notice of V1 to V2 Migration and End of Support of V1This is because market data needs time to update and establish a stable price. Before explaining the nitty-gritties of the migration process, I want to cover why V2 is so important for SafeMoon army soldiers like you and me. In essence, V2 aims to build on V1 s wild success by introducing bleeding-edge crypto economics and security while setting up SafeMoon s ambitious expansion roadmap.Once a significant number of holders have migrated, the market cap will stabilize, and the price will be displayed correctly.
  • Consolidated Token Balance: Your SafeMoon V2 balance will be significantly lower than your V1 balance due to the consolidation (1000:1 ratio).However, the overall value of your holdings should remain approximately the same.
  • Focus on V2: With the migration complete, all development and support efforts will be focused on SafeMoon V2.V1 is no longer supported, and transactions are subject to a 100% tax.

SafeMoon V1 Transactions: The 100% Tax

It is very important to remember that SafeMoon V1 is no longer supported. Bitmart, the most trusted cryptocurrency trading platform, recently declared that it will support SafeMoon for tokenswap from V1 to V2. The exchange will offer users a swap service meaning that the migration from V1 to V2 will be done automatically so that users on the platform don t have to manually transfer them.After the migration deadline, all transactions involving SafeMoon V1 (buying, selling, transferring) incurred a 100% tax.This effectively rendered V1 tokens unusable and served as a strong incentive for holders to migrate to V2. This video walks you through the step by step process of how to Add Safe Moon v2 to Trust Wallet. Struggling to add SafeMoon V2 to your Trust Wallet? You'reThis was designed to help liquidity be provided to V2 and also to discourage anyone from being left behind on V1.

Addressing Common Concerns and Questions

What if I Missed the Migration Deadline?

If you missed the official migration deadline, you likely encountered the 100% tax on V1 transactions.While official channels no longer support V1, it's advisable to contact the SafeMoon team for possible solutions, although it is unlikely much can be done at this point.It's best to always stay informed about deadlines and announcements from project teams.

Is pSafeMoon the Same as SafeMoon V2?

No, pSafeMoon (wrapped SafeMoon) is not the same as SafeMoon V2. pSafeMoon is an Ethereum-compatible (ERC-20) version of SafeMoon, while SafeMoon V2 primarily exists on the Binance Smart Chain (BSC). The lead maby only developers of safemoon blockchain changed the smart contract tax pecentage to 100% which then gets added to v2 liquidy pool which at the time of useing trust wallet and probly still now still notifya of a small tax percentage. If you feel thats good PR for safemoon who has HQ in utah i dunno what to say.While there may have been exploration of consolidating pSafeMoon with V2, they remain distinct assets.

How Do I Add SafeMoon V2 to Trust Wallet?

If you're having trouble seeing your SafeMoon V2 tokens in Trust Wallet after the migration, follow these steps:

  1. Open Trust Wallet
  2. Tap the icon in the top right corner (it looks like two overlapping circles with a line through them)
  3. Search for ""SafeMoon V2"" or paste the SafeMoon V2 contract address into the search bar.
  4. If it doesn't appear automatically, tap ""Add Custom Token""
  5. Enter the token details:
    • Network: Binance Smart Chain
    • Contract Address: (Get the official SafeMoon V2 contract address from safemoon.com or a trusted source)
    • Name: SafeMoon
    • Symbol: SFM
    • Decimals: 9
  6. Tap ""Save""

Your SafeMoon V2 tokens should now be visible in your Trust Wallet.

The Current State of SafeMoon

The SafeMoon project has seen both significant success and substantial volatility. 2025: Migration to SafeMoon V2 In December 2025, SafeMoon developed Version 2 of their token (SafeMoon V2), an updated version of the SafeMoon contract. [ 25 ] As part of consolidating to V2, the SafeMoon team implemented a deadline to migrate their tokens, or else investors would be faced with a 100% tax.Following the V2 migration, the team has focused on various initiatives, including exploring integrations with other blockchains like Solana, implementing governance changes to become a DAO (Decentralized Autonomous Organization), and working to rebuild trust within the community. To migrate V1 to V2 SafeMoon on Trust Wallet, you need to connect Trust Wallet to swap.safemoon.net and swap your SafeMoon to SafeMoon V2 (SFM). After you ve swapped your SafeMoon to SafeMoon V2, you need to copy the SafeMoon V2 contract and add it to Trust Wallet. Lastly, refresh Trust Wallet and you ll be able to see your SafeMoon V2 balance!Recent performance has been volatile and you should do your own research before making any investment decisions.

Liquidation and Assets

It is important to be aware that SafeMoon has faced considerable challenges, including legal and financial issues. SafeMoon spiked nearly 30% as its token migration to Solana nears completion and developers burn large amounts of tokens. The project s new team is restructuring governance to become a DAO, aiming to prevent future scams and build trust. Crypto exchange Bitrue supports the migration, and guides are circulating to help users transition smoothly.A trustee has been appointed to oversee the liquidation of the estate. You will now see a screen as below, showing your balance of Safemoon V1 (safemoon), and proposing you to convert it to Safemoon V2 (SFM). As a check, you should always have a ratio of 1:1,000 (1,000 V1 safemoon equals to 1 SFM) Click migrateIronically, the SafeMoon Wallet, which was once a highly sought-after asset with over 1.2 million downloads, has now become a focal point in the liquidation process.

Community and Meme Coin Identity

Acknowledging the project's roots and community-driven nature, there's been a shift towards embracing SafeMoon's identity as a meme coin.Rather than forcing utility where it doesn't naturally fit, the focus is on fostering an engaged community that enjoys the ride.

SafeMoon V2 and Solana

One development that has caught the attention of the SafeMoon community is the potential integration with the Solana network.This could involve swapping or bridging SafeMoon V1 or V2 tokens onto Solana. pSafemoom is not the same as V2, it is an ethereum compatible (ERC-20) form of safemoon, while Safemoon is primarily on a different blockchain (binance smart chain or BSC). Can you see s little ethereum symbol at the top right of the bar on the dapps browser, it's circular with a silver/grey diamond sort shape in it.This move is likely aimed at leveraging Solana's faster transaction speeds and lower fees, potentially attracting new users and increasing the utility of SafeMoon.

Learning from the Past: A Look at Binance's Migration

The Binance Smart Chain migration in September 2025 serves as a valuable case study. This penalty disincentives selling and it rewards those who continue to hold SafeMoon. SafeMoon V1 vs. SafeMoon V2 SafeMoon V1 is no longer supported, according to the SafeMoon website. Right now, migration to SafeMoon V2 is underway. To encourage migration, a 100% transaction tax has been implemented for SafeMoon V1. There are no fees orBinance, a leading cryptocurrency exchange, successfully migrated its native token, BNB, from the Ethereum blockchain. Learn how to swap or bridge your Safemoon V1 or V2 token into the Solana network with this easy guide. Follow these steps to make the process smooth and seamThis migration demonstrated the potential benefits of transitioning to a more efficient and scalable blockchain network. Here s what it says, Please note that after your SafeMoon has been consolidated into V2 SafeMoon, it will not show a price for a short period of time . Followed by, This is normal. Once a sizable amount of holders begin migrating, the market cap will eventually find a stable price and then it will be displayed.While the specifics of the Binance migration differ from the SafeMoon V2 migration, the underlying principles of enhancing performance and reducing costs remain relevant.

The Importance of Staying Informed

The crypto space is constantly evolving. Dear all, Giottus has completed the migration of Safemoon V1 to V2. There was a token swap for all users with the ratio of 1000:1. This is a planned global migration of the token that we have facilitated for our users.It’s vital to remain vigilant and stay up-to-date with the latest news and developments. SafeMoon V1 to V2 Migration Update: SafeMoon has successfully completed its transition from V1 to V2. Please note that ALL transactions on V1 (sending tokens, buying tokens, selling tokens) are now subject to a 100% tax, meaning you will lose your SafeMoon tokens.Always do your own research (DYOR) before investing in any cryptocurrency, and be wary of scams and phishing attempts.Here are some things to consider.

  • Official Channels: Always get your information from the project's official website, social media channels, and community forums.
  • Independent Research: Consult reputable sources and conduct your own independent research to verify information and assess the risks involved.
  • Community Sentiment: Gauge the sentiment within the community to understand the prevailing opinions and concerns.

Conclusion: Navigating the SafeMoon Landscape

The SafeMoon V2 migration marked a significant chapter in the project's history.While the migration process itself has concluded, understanding its rationale and mechanics is crucial for anyone involved with SafeMoon.The project's journey has been turbulent, marked by both successes and challenges. To further emphasize the significance of the SafeMoon V2 migration, let s take a look at some real-world examples and expert insights. Case Study: The Success of the Binance Smart Chain Migration In September 2025, Binance, the world s largest cryptocurrency exchange, successfully migrated its native token, BNB, from the Ethereum blockchainAs SafeMoon continues to evolve, staying informed, remaining cautious, and engaging with the community are essential for navigating the SafeMoon landscape effectively.

Whether you're a long-term holder or considering investing in SafeMoon, it's important to understand the project's past, present, and future prospects.Remember to conduct your own research and make informed decisions based on your individual circumstances and risk tolerance. In this video, I'll demonstrate how you can migrate from V1 Safemoon to V2 Safemoon if you hold your Safemoon on Trust Wallet without the need for you to useToken migrations, like the SafeMoon V2 migration, are a regular part of the ever-changing cryptocurrency landscape.Navigating them successfully requires knowledge, caution, and a proactive approach to staying informed.

Mike Novogratz can be reached at [email protected].

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