Summary:

Users of the Reddit subreddit r/CryptoCurrency saw a significant increase in the value of their native token, r/CryptoCurrency Moons (MOON), on Monday after hearing rumors that Kraken, a cryptocurrency exchange, could list Moons. The token’s price increased by 72 percent in the last 24 hours, bringing it to $0.28 at the time of writing. However, the excitement was dampened when it was revealed that the news of Reddit modifying its policy on selling digital assets was actually months old.

Introduction:

The value of r/CryptoCurrency Moons (MOON) on Reddit’s cryptocurrency subreddit experienced a surge due to rumors of potential listing on Kraken, a popular cryptocurrency exchange. This article explores the impact of the rumor on the token’s price and discusses the significance of Reddit’s policy on selling digital assets.

Main Points:

1. The price of r/CryptoCurrency Moons (MOON) increased by 72 percent in the last 24 hours following rumors of Kraken potentially listing the token.

2. Reddit Moons are awarded to users for their contributions to the r/CryptoCurrency community and can be exchanged between users via Reddit’s Ethereum-based digital wallet, Vault.

3. An unauthorized Twitter account claiming to represent r/CryptoCurrency Moons spread outdated news about Reddit modifying its policy on selling digital assets.

4. Despite the outdated news, a Kraken support staff member suggested that Moons might be added to the exchange in the future, leading users to speculate on the token’s future prospects.

Conclusion:

Rumors of r/CryptoCurrency Moons potentially being listed on Kraken caused a significant increase in the token’s value. However, the excitement was tempered by the realization that the news of Reddit modifying its policy on selling digital assets was outdated. Nevertheless, the possibility of Kraken listing Moons in the future has sparked interest and speculation within the community.