Key Points:
- Kraken Listing: Reddit’s MOONS and BRICKS tokens are now listed on Kraken, indicating their rising popularity.
- Token Performance: Both tokens have shown impressive gains over the past month.
- Mainstream Acceptance: Kraken’s move highlights the integration of niche tokens into mainstream exchanges.
Kraken has announced the listing of Reddit’s cryptocurrency tokens, MOONS and BRICKS, on August 7. These tokens are part of Reddit’s Community Points project, rewarding users for quality posts. MOONS are associated with /r/CryptoCurrency, while BRICKS are tied to the gaming community /r/FortniteBR.
Kraken’s New Listings Reflect Past Gains
Kraken’s move follows earlier speculation, as the exchange expressed interest in listing these tokens in mid-July. Competing exchange Crypto.com listed MOONS shortly after, fueling substantial gains. BRICKS surged by 439.5% and MOONS by 279.7% over 30 days, while Bitcoin dipped by 3.6% over the same period.
Tokens Experience Price Surges with Listings
Upon Kraken’s listing announcement, both MOONS and BRICKS tokens saw price hikes. MOONS experienced a 53% surge in an hour, while BRICKS soared by 133% in 1.5 hours. Although these gains slightly receded, the tokens remained significantly up. As of August 7, 8:03 p.m. UTC, MOONS were up 35% over 24 hours, and BRICKS were up 49%.
Kraken’s move to list MOONS and BRICKS tokens aims to provide users access to these popular tokens. This significant development could further boost the reputation of Reddit’s Community Points initiative and amplify the growth of the tokens within the crypto community.
The Kraken listing continues to showcase the integration of various digital assets into mainstream exchanges, signaling the growing adoption and recognition of crypto tokens beyond established coins like Bitcoin.
