An altcoin associated with a security-focused crypto wallet, SAFE, has outperformed the crypto market this week, rising over 40%.
New Swaps Feature
SAFE, a smart contract wallet, recently introduced a native swaps feature. This feature consolidates transactions, reducing gas fees and the need for multiple signatures. It also offers built-in protection against maximal extractable value (MEV) manipulation.
Price Surge
Following the announcement, SAFE’s price soared by 43%, reaching a high of $2.55. While it has since retraced to $2.21, it remains over 37% below its all-time high.
Exchange Listings
SAFE began trading in April and has since been listed on major exchanges like Coinbase, Bitrue, and MEXC. Coinbase initially labeled it as “experimental” due to potential risks.
Disclaimer
This article does not constitute investment advice. Investors should conduct thorough research before making any high-risk investments.
