Several moderators of the /r/CryptoCurrency subreddit on Reddit allegedly sold their Reddit Community Points (RCP) tokens, known as MOONs, just before the program was shut down, causing the token’s value to plummet by 85%. The moderators were reportedly tipped off by Reddit admins, and evidence of their sales has been provided by a crypto analyst. Reddit cited high costs and regulatory concerns as reasons for ending the program.
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