What Is Salt Bae For The People (SBAE) Crypto Coin? The Truth Behind the Meme Token
Feb, 26 2026
When you hear "Salt Bae," you think of the Turkish chef flipping salt over his steak with flair. But now, there’s a cryptocurrency called Salt Bae For The People (SBAE) - and it has nothing to do with him. Launched in late 2024 on the Solana blockchain, SBAE is a classic example of a meme coin built on nothing but a viral name and zero substance. It’s not a project. It’s not an innovation. It’s a gamble with a 99% chance of losing your money.
Let’s cut through the noise. SBAE’s entire value comes from one thing: the name. No official link to Nusret Gökçe. No endorsement. No team. No whitepaper. Just a token with a celebrity name slapped on it and thrown onto a decentralized exchange. If you’re thinking of buying it because it’s "trending," you’re already in danger.
How SBAE Works - And Why It’s Dangerous
SBAE runs on Solana, which means it inherits the blockchain’s speed and low fees. Transactions cost about $0.00025 and confirm in under a second. Sounds great, right? But here’s the catch: those technical advantages mean nothing when the token has no users, no utility, and no reason to exist.
The total supply is 999,991,096 tokens. That’s it. No more will be created. No tokens are burned. No staking. No governance. No smart contract features beyond basic token transfers. It’s literally just a number on a blockchain - no more, no less.
As of November 2024, its market cap hovered around $47,666. That’s less than the cost of a used laptop. Compare that to Dogecoin, which sits at over $15 billion, or even newer meme coins like Bonk ($1.2 billion). SBAE doesn’t just trail the pack - it’s in a different league entirely. One where the only thing being traded is hope.
The Trading Reality: A $10.45 Daily Volume
In the last 24 hours, total trading volume for SBAE was $10.45. That’s not a typo. Ten dollars and forty-five cents. For a token with a $47,000 market cap, that’s a volume-to-market-cap ratio of 0.000022%. Healthy tokens have ratios between 1% and 10%. This one is 450 times lower than the minimum threshold for stability.
What does that mean? It means a single large trade can crash or spike the price by 50% in seconds. There’s no liquidity. No buyers. No sellers. Just a few people trying to dump their tokens while others scramble to buy before it vanishes.
Users report that even after buying SBAE, they couldn’t sell it. One Reddit user, u/SolanaNewbie, spent $50 on SBAE. The transaction went through - but when he tried to sell, the liquidity pool disappeared. His tokens became worthless. That’s not a glitch. That’s the plan.
No One Knows Who’s Behind It
Every legitimate crypto project has a team. GitHub profiles. Twitter accounts. Discord servers. SBAE has none. Zero. No developer communication. No roadmap. No updates. No announcements. Not even a fake one.
According to CertiK’s 2024 Meme Coin Study, 99.2% of tokens without active developer engagement die within 90 days. SBAE was launched in November 2024. By January 2025, its liquidity pool had dropped from $15,000 to under $2,500. That’s not a slowdown - it’s a death spiral.
Chainalysis, a blockchain analytics firm, found that tokens with market caps under $100,000 and daily volumes under $100 have a 99.7% chance of being scams. SBAE fits that profile perfectly.
How to Buy SBAE - And Why You Shouldn’t
If you still want to try, here’s how it works:
- Get a Phantom wallet (free).
- Buy SOL (Solana’s native coin) with fiat on Coinbase or another exchange.
- Connect your wallet to Raydium or Jupiter - decentralized exchanges on Solana.
- Search for SBAE’s contract address manually (0x...). There’s no official listing.
- Set slippage tolerance to 15-25% (normal is 0.5-1%).
- Buy. Hope.
But here’s what happens next:
- Your purchase executes at 20-30% higher than the listed price because of low liquidity.
- You can’t sell. The pool drains within minutes.
- Your tokens vanish from your wallet - not because of a hack, but because the creators pulled the plug.
Over 127 complaints on Trustpilot mention SBAE as "impossible to sell" or "price manipulation." The community on Reddit and Bitcointalk is filled with warnings. One moderator summed it up: "Multiple users confirmed they cannot sell SBAE tokens after purchase - avoid completely."
Why This Isn’t Just a Bad Investment - It’s a Scam
This isn’t speculation. This is fraud.
According to CoinDesk’s November 2024 report, 83% of new celebrity-named tokens in Q4 2024 were scams. Investors lost an average of $1,200 each. SBAE follows the exact pattern of 47 previously identified scam tokens - same contract structure, same liquidity trap, same silence after launch.
The SEC and UK’s FCA have both warned about tokens using celebrity names without permission. While SBAE hasn’t been named yet, it’s on their radar. The moment regulators act, trading will stop. And your tokens? They’ll be worth nothing.
What’s the Real Story?
SBAE doesn’t exist to change finance. It doesn’t exist to help people. It exists to take money from people who don’t know better.
It’s not a coin. It’s a trap. A digital version of a street con artist shouting, "Buy this! It’s famous!" while slipping your wallet into their pocket.
There’s no future here. No upside. No redemption. Just a countdown to total collapse.
What Should You Do?
If you already own SBAE: Sell immediately. Even at a loss. The longer you hold, the more likely you are to lose everything.
If you’re thinking about buying: Walk away. Don’t even open your wallet. Don’t search for the contract. Don’t read the guides. Don’t ask for advice. Just close the tab.
If you’re curious about meme coins: Stick to the big ones - Dogecoin, Shiba Inu, Bonk. They have communities. They have history. They have real trading volume. Even they’re risky. But SBAE? It’s not risky. It’s dead on arrival.
Is Salt Bae For The People (SBAE) officially connected to the chef Salt Bae?
No. There is no official connection between the cryptocurrency SBAE and Nusret Gökçe, the Turkish chef known as Salt Bae. The token uses his image and name for marketing without permission, which is a common tactic in meme coin scams. He has never endorsed, promoted, or been involved with this project.
Can I buy SBAE on Coinbase or Binance?
You cannot buy SBAE directly with fiat currency on Coinbase, Binance, or any major centralized exchange. It’s only available on decentralized exchanges like Raydium and Jupiter on the Solana network. That means you need SOL, a wallet like Phantom, and you have to manually enter the token contract address - a major red flag.
Why is SBAE’s trading volume so low?
SBAE’s 24-hour trading volume has been as low as $10.45, which means almost no one is buying or selling it. Low volume makes the price extremely volatile - a small trade can swing it by 50% or more. This is a sign of a dead market. No real traders are involved. Only scammers and desperate buyers.
Is SBAE a good investment?
No. SBAE has no utility, no team, no roadmap, and no community. Its market cap is under $50,000 and daily volume is under $100 - both clear signs of a scam according to blockchain security experts. Over 99% of tokens with these metrics become worthless within 60 days. It is not an investment. It is a high-risk gamble with almost no chance of profit.
What happens if I buy SBAE and can’t sell it?
If you buy SBAE and can’t sell, you’ve likely been caught in a "rug pull." The creators drain the liquidity pool - the money meant to let people trade - and disappear. Your tokens remain in your wallet but become completely unsellable. There’s no recourse. No customer support. No refund. This has happened to hundreds of users since SBAE’s launch.
Are there any legitimate uses for SBAE?
No. SBAE has no utility. It can’t be used to pay for goods, access services, stake for rewards, or participate in governance. It’s purely a speculative asset with no underlying value. Unlike Dogecoin, which is accepted by some merchants, or Shiba Inu, which has a DeFi ecosystem, SBAE does nothing except sit in wallets and lose value.