SAFE token price: can the token hit $1 after Safe Wallet overhaul?

The Safe (SAFE) token has seen an impressive surge, climbing 21% in the past 24 hours to trade at highs of $0.75 for its intraday peak on May 30. Safe token’s rally coincides with notable network developments, including Safe Wallet’s rollout of its Signing UX v2. Teaming up with Morpho Labs, the group behind Morpho protocol that recently surpassed $5.5 billion in total value locked (TVL), has further boosted market sentiment around SAFE. Positive outlook has SAFE’s 24-hour trading volume up 562% to over $176 million, reflecting heightened investor interest. Why SAFE price is up today While the broader crypto market remains under pressure, with top coins like Bitcoin and Ethereum posting losses, SAFE and a handful of altcoins are defying the trend. Pocket Network (POKT), for instance, is also seeing gains, rising by more than 350% to near $0.060. As noted, SAFE’s 21% surge is driven by a combination of ecosystem developments and market’s attention on smaller cap tokens. There’s no outright catalyst behind SAFE’s gains. However, the token has jumped to highs last seen in early May, and this coincides with the project’s launch of Signing UX v2. Safe Wallet, announced the development on May 29, 2025 – the same time the native token exploded. Chris {🟢} @sonniboy84 · Follow 🧾 Signing in @safe just got smoother, faster, and easier to understand.We’ve launched Signing UX v2 — a major upgrade that simplifies multisig transactions for everyone from ops teams to individual users.Shout-out to the team for another significant update!See what’s new 12:13 pm · 29 May 2025 14 Reply Copy link Read more on Twitter Apart from ease of use, the revamped interface via v2 offers full transparency with decoded data, raw calldata, and JSON payloads. Security that benefits Safe Wallet’s reputation and likely the one reason SAFE token is up. Another major factor is the crypto wallet‘s collaboration with Morpho, a permissionless lending protocol on Ethereum and Base. Morpho’s recent milestone of surpassing $2 billion in TVL through its Lending Optimizer and Morpho Blue highlights its growing influence in DeFi. Safe’s integration with Morpho, as noted earlier, brings notable benefits to the community. “Treasuries have left millions on the table. Now there’s a fix. Safe{Wallet} + Morpho lets you put idle blue-chip assets to work — without leaving your multisig,” Safe wrote on X. What else could catalyze SAFE upside? The Morpho integration means users can now earn real yield on many of the assets instead of letting them stay idle. Blue-chip assets in this initiative include the stablecoins USDC (USDC) and Tether (USDT). There’s also support for wrapped versions of top coins, such as wrapped Ethereum (wETH), wrapped staked ETH (wstETH), and wrapped Bitcoin (wBTC). Users can tap into these opportunities without having to leave their Safe Wallet or use bridges or decentralized applications. Despite the market’s overall downturn, SAFE’s price may target $1 in the short term. If prices fall, the token’s value could correct to $0.42. The post SAFE token price: can the token hit $1 after Safe Wallet overhaul? appeared first on Invezz

Source: Invezz