🚨 Reddit announced the end of its blockchain-based community points program on October 17, citing scalability issues. The news generated controversy in the crypto community, as the price of the native token in different subreddits plummeted following the revelation.

🔸 Each subreddit had its own native token, such as Moons (MOON) on r/CryptoCurrency and Bricks (BRICK) on r/FortNiteBR.

🔍 On-chain data suggests some subreddit moderators sold millions of tokens ahead of the announcement, leading to insider trading allegations.

💬 What do you think of this situation? Comment below!