Reddit’s MOON token seems to have gone ‘slightly off the rockers’, with a market cap of 30 septillion. 

Though Reddit’s ERC-20 based MOON and BRICK tokens are still on the Rinkeby testnet, being trialled by users of its cryptocurrency and Fortnite subcommunities – traders have already worked out a way to trade them, and the results are surprising to say the least!

According to Etherscan, more than 30,000,000,000,000,000,000,000,000 MOONs, Reddit’s crypto community token, have now been distributed to around 7,800 addresses. 

On 26 September xMOON reached $0.35 on Honeyswap, before falling back to $0.055 on the 30th. It means that, at one point, the market capitalisation was somewhere in the region of USD $2.66 septillion – or roughly 2 trillion percent more than then the value of the entire global economy in 2019 (approx. $133 trillion). 

Reddit is expected to launch its community tokens on the Ethereum (ETH) mainnet before 2021. 

AYO.NEWS says:

Crypto traders will be crypto traders – Reddit should have known they’d find a way to trade MOONs and BRICKs in short order. As for their performance? Well, perhaps best not take things too seriously right now. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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