Hi, so yes, I agree w/ your math if you buy/sell "10" SM. But I argue that you should be buying/selling an equal amount of BNB, not an equal amount of SM, to see the net effect of a pair of transactions. If you compute the result of two equal BNB transactions, you will see that price goes down.
More concretely, take a look at the transactions made the following address. This is the SafeMoon Protocol Deployer, which is the address that receives the 5% liquidity injection tax. Every 12 hours or so it sells ~$75,000 worth of SafeMoon to the liquidity pool. It never buys. So in order for SafeMoon price to rise, it needs to overcome this enormous sell pressure of ~$150K worth of SM sales every day. So far there has been enough buy pressure to sustain a pretty high market cap, but unless it continues, this perpetual sell pressure will cause the price to slowly go down. As time passes the value of safemoon will be lower and so holders will not be able to capture as much of the BNB in the liquidity pool as they could before.
