Reddit Token MOON Rockets 150% Amid Hopes of Revival

MOON supply will be topped at 83 million tokens and moderators say they will continue to develop tools to help value accrual.

Prices of MOON token, which is tied to the shuttered Community Points program of Reddit, more than doubled over the past 24 hours, as some moderators banded to revive the project and continue it independently.

MOON price rose 140% in the past 24 hours, data shows, with trading volumes crossing $2.4 million. The tokens are actively traded on the crypto exchange Kraken and the decentralized exchange SushiSwap.

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