These tokens are distributed to users based on their activity in the r/Cryptocurrency subreddit, and can be used for tipping between users. Reddit Moons are ERC-20 tokens launched on Arbitrum Nova by Reddit administrators in 2020 as part of their community points program. Others claimed that they were genuinely surprised, writing, “Did anyone else not expect to make it this far? Like I don't know what to do, I didn't plan for this.” “ suddenly becomes the default for millions of Redditors,” said one post.

Today’s listing has sparked a frenzy on the already buzzing cryptocurrency subreddit ( r/Cryptocurrency ), which is home to over 6.5 million users.

Moons had already jumped triple digits on Monday on news that Kraken crypto exchange was considering a listing.Īlthough is joining a number of other exchanges that already support the token-including MEXC, Gate.io, SushiSwap and RCP Swap-its size has given some Reddit users reason to be especially bullish. Moons, the native token of cryptocurrency users on Reddit, is now listed on, causing its price to soar for a second day straight.Īccording to Coingecko, the token is up 141% on the day, trading hands at $0.41.

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