SBAE Scam Risk Calculator
Warning: This is a scam
The SBAE token is a known rug pull scam with 0% utility. This calculator shows why investing in tokens like this is extremely dangerous. Based on official data from the article:
- Market cap: $47,666
- 24h volume: $10.45
- Slippage tolerance: 15%+
- Risk score: 9.8/10
There’s a new crypto coin floating around that sounds like a joke - and it is. Salt Bae For The People (SBAE) is a token that piggybacks on the fame of Nusret Gökçe, the Turkish chef who became an internet sensation for dramatically sprinkling salt on meat. But this isn’t a charity. It’s not even a real project. It’s a low-effort meme coin designed to trap people who think they’re getting in on the next Dogecoin.
It’s Not Official. It’s Not Endorsed. It’s Just a Name.
You won’t find any statement from Salt Bae himself saying he’s behind SBAE. No press release. No Instagram post. No YouTube video. The name was slapped onto a token on the Solana blockchain by anonymous developers who knew the internet would click on anything with “Salt Bae” in it. That’s it. There’s no team, no roadmap, no whitepaper, and no utility. Just a contract address and a logo of a guy throwing salt.The Numbers Don’t Lie - It’s a Ghost Town
As of November 27, 2024, SBAE has a market cap of just $47,666. That’s less than the price of a used laptop. Compare that to Dogecoin’s $15.6 billion or even newer meme coins like Bonk at $1.2 billion. SBAE doesn’t just lag behind - it’s in a different universe. Its daily trading volume? Around $10.45. That’s not a typo. Ten dollars and forty-five cents in 24 hours. For context, a single trade on Binance can move $10 million. This token has so little liquidity that one person selling 500,000 SBAE tokens could crash the price by 80% in seconds. The price? It swings wildly between $0.000046 and $0.000076 across different exchanges. Why? Because there’s no real market. The price is being manipulated by bots and early buyers who plan to vanish the moment they get a few hundred dollars in profit.How Do You Even Buy It? (Spoiler: You Shouldn’t)
You can’t buy SBAE on Coinbase, Binance, or Kraken with cash. You have to go to decentralized exchanges like Raydium or Jupiter. That means you need a Solana wallet like Phantom, some SOL (Solana’s native coin), and the courage to type in a 42-character contract address manually. Here’s what happens next:- You send your SOL to the exchange.
- You search for SBAE - it won’t show up unless you paste the contract address.
- You set slippage tolerance to 15% or higher (normal is 0.5%) just to get the trade to go through.
- You buy the tokens - and immediately lose 10-20% of your money to fees and price impact.
- You try to sell. The price drops. The liquidity pool vanishes. Your tokens are stuck.
Why Is This So Dangerous?
This isn’t just a bad investment. It’s a classic rug pull. That’s when developers create a token, hype it up, get people to buy in, then drain the liquidity pool and disappear. The smart contract for SBAE matches the exact pattern of 47 other scam tokens identified by CryptoSlate in November 2024. No hidden functions. No backdoors. Just a clean, simple token - the kind that’s easy to launch and easy to abandon. Chainalysis, a top blockchain security firm, says tokens under $100,000 market cap and under $100 daily volume have a 99.7% chance of being scams. SBAE hits both marks with room to spare. And here’s the kicker: no one is helping you if you get scammed. There’s no Discord server. No Telegram group. No Twitter account linked to the project. The only “community” is a bunch of people on Reddit and Bitcointalk warning others to stay away.What About the Solana Blockchain? Isn’t That Safe?
Solana is fast. It’s cheap. It’s great for real projects. But that speed and low cost also make it the perfect playground for scammers. Since October 2024, Solana has seen a 300% spike in meme coin launches. Most of them die within 30 days. The blockchain doesn’t care if the token is real or fake - it just processes the transactions. SBAE uses the SPL token standard, which is Solana’s version of Ethereum’s ERC-20. That means it works technically. But that’s like saying a hammer is a good tool - doesn’t mean you should use it to break into your neighbor’s house.Regulators Are Watching - And They’re Not Happy
The U.S. Securities and Exchange Commission (SEC) issued a warning in November 2024 about celebrity-named tokens without official partnerships. The UK’s Financial Conduct Authority added over 140 similar tokens to its warning list. SBAE hasn’t been named yet - but it’s on the list of obvious candidates. No merchant accepts SBAE. No DeFi platform lets you stake it. No wallet supports it beyond price tracking. It has zero real-world use. It exists only to be bought and sold by people hoping to get lucky.
What Do Experts Say?
Dr. Emily Chen, a blockchain security researcher at Chainalysis, says: “Tokens like SBAE aren’t investments - they’re gambling chips with no table.” CryptoRank gave SBAE a risk score of 9.8 out of 10. TokenSniffer’s automated audit gave it a safety rating of 12%. Anything below 80% is considered unsafe. This token is in the bottom 1% of all crypto projects. Delphi Digital’s report says tokens with daily volume under $100 have a 97% chance of becoming completely illiquid within 30 days. SBAE’s volume is under $11. It’s already dead. It just hasn’t been buried yet.What Happens Next?
The liquidity pool on Raydium dropped from $15,000 to $2,300 in just 12 days. That’s not a market correction. That’s a withdrawal. The developers are pulling out. You’ll see price spikes from time to time - usually when someone posts a meme on X (formerly Twitter) or TikTok. That’s the pump. Then it crashes. People who bought at the peak lose everything. The ones who sold early? They’re long gone, cashed out, and probably bought a new domain for their next scam. By January 2025, SBAE will likely vanish from CoinGecko. The contract address will still exist on the blockchain - but no one will trade it. It’ll become a digital ghost. A cautionary tale.Bottom Line: Don’t Touch It
If you’re looking to invest in crypto, there are thousands of legitimate projects with teams, roadmaps, and real use cases. Why risk your money on a token named after a guy who throws salt? SBAE isn’t a coin. It’s a trap. A digital lottery ticket with no winning numbers. The only thing you’ll get from buying it is a lesson - and maybe a loss.Don’t be the next person posting on Reddit saying, “I thought it was funny. I didn’t know it was a scam.”
Is Salt Bae For The People (SBAE) a real cryptocurrency project?
No. SBAE has no official connection to Salt Bae (Nusret Gökçe), no development team, no whitepaper, and no utility. It’s a meme coin created purely to exploit internet fame. All major crypto tracking platforms confirm it lacks transparency, community, or long-term purpose.
Can I buy SBAE on Coinbase or Binance?
No. SBAE is not available for direct purchase on centralized exchanges like Coinbase or Binance. You can only trade it on decentralized exchanges (DEXs) like Raydium or Jupiter, which require a Solana wallet and manual contract address entry. This increases risk and makes it harder to exit safely.
Why is the trading volume for SBAE so low?
The 24-hour trading volume of $10.45 (as of November 27, 2024) shows almost no real demand. Low volume means the price can be easily manipulated by a few large buyers or sellers. It also means you likely won’t be able to sell your tokens when you want to - liquidity has already vanished in many cases.
Is SBAE a rug pull?
Yes, it shows all the hallmarks of a rug pull: anonymous team, no communication, rapidly declining liquidity, zero utility, and high slippage requirements. Multiple blockchain security firms have flagged SBAE as matching the pattern of known scam tokens. Users report being unable to sell after purchase - a classic sign of a rug pull.
Should I invest in SBAE if the price is low?
Never invest in a crypto asset just because the price is cheap. Low price doesn’t mean low risk - it often means high risk. SBAE’s low price reflects its lack of value, not an opportunity. With a market cap under $50,000 and no real use case, it’s not an investment - it’s speculation with a near-certain loss.
What should I do if I already bought SBAE?
If you already bought SBAE, try to sell it immediately - even at a loss. Set your slippage tolerance to 20% or higher and use a DEX like Jupiter. But be warned: many users report that after buying, their tokens become unsellable because the liquidity pool disappears. If you can’t sell, accept the loss as a learning experience and avoid similar tokens in the future.
Tina Detelj
Salt Bae didn’t ask for this… and yet here we are, watching a meme become a digital funeral pyre for gullible wallets. I mean, who names a token after a guy who sprinkles salt like he’s conducting a ritual? It’s not investing-it’s performance art with a blockchain backdrop. And we’re the audience paying to watch ourselves get burned.