According to the data, moderators sold tokens minutes before the social media platform Reddit announced that it would close the reward program known as Community Points.
Reddit on October 17 Community Points He announced that he planned to close the blockchain-based rewards program known as . Offered by on-chain analysis firm Lookonchain datafrom this announcement minutes ago some moderatorsinsider trading” he revealed that he did.
Rewards program will be closed foreknowledge some people are associated with Community Points Moons (MOON) He literally competed to sell the token.
According to the data, “those who reached the news of the closure before the community”0x27bDA wallet named ”, from the news 23 minutes before 23 thousand dollars worth 109. 931 MOONS sold.
“0x6886Another wallet named “” was purchased after the news was announced. 17 minutes before 346,422 MOONSHe transferred it to the stock exchange and then sold it.
Another insider trading wallet is “0xcdd9” was. This wallet 2 minutes before the announcement 59 thousand dollars worth 363,227 MOONS sold. The wallets in question from $0.22 on average made a sale.
While the sales are not limited to these three addresses, other moderators also sell sales, according to a Twitter user nicknamed “Pledditor”. made.
Shortly after all these sales, the Reddit team officially announced that they would close the reward program known as Community Points and the MOON price crashed. 88% with a fall $0.23 from level to $0.026 declined. MOON is trading at $0.037 at the time of writing.