A hashtag calling for “squeezing” the SafeMoon (CRYPTO: SAFEMOON) cryptocurrency joined high traits on Twitter Inc’s (NASDAQ:TWTR) platform after a publish gained traction on Reddit.
What Occurred: The publish by Reddit person “GMEandAMCbroughtme” on r/SatoshiStreetBets mentioned that this was not a typical quick squeeze however “merely a squeeze resulting from large sustained upward strain on the value resulting from group and marketing campaign pushed quantity induced token burn.”
See Additionally: How To Purchase SafeMoon (SAFEMOON)
At press time, within the early hours of Monday, the hashtag #safemoonsqueeze was among the many high traits on Twitter.
The #SafemoonSqueeze has begun
“Contemplate this the official announcement of a group pushed marketing campaign to pop off the largest squeeze of all time. This would be the crypto model of Gamestop and AMC however manner greater.”
— SafeMoon Warrior (@SafemoonWarrior) June 21, 2021
The Reddit Publish mentioned whereas the GameStop Corp