Charles Karony, the Vice President of Operations at SafeMoon has stepped down from his position.
He had announced his decision through Twitter, saying he is leaving to go back to college and finish his degree.
In the tweets that followed his decision, Karony thanked the SafeMoon team and the ’SafeMoon Army’ for their commitment to the project.
Karony promised this won’t be the last that anyone would hear of him either, promising he would stay “committed to the bright future in store for SafeMoon.”
SafeMoons ’Pump And Dump’
Only 10 months ago SafeMoon was in the news again, only it was for the wrong reasons. Analysts were warning investors of their concerns with SafeMoon being a ’pump and dump’.
To add, a recent class-action lawsuit was filed in the U.S. District Court in California against SafeMoon and its promoters including; celebrity promoters and its executive officers. The lawsuit accuses SafeMoon’s tokens of being a ’Ponzi-like Pump and Dump scheme’.
Despite these facts, the creators of the coin, Karony included, persisted on the value of the coin going safely to the moon. After January saw a high for the coin, it was short-lived, a downward trajectory was seen in the price of the coin.
Currently, SafeMoon is trading at US$0.000000525 down 20% from its recent spike in January this year of US$0.000002686, according to data from CoinMarketCap.
