Reddit-based tokens MOON and BRICKs rally ahead of oversubscribed Reddit's IPO

Reddit's IPO, set for Thursday, has led

is set to go live on Arbitrum One on Thursday, potentially fueling growth for the token. Reddit-related tokens r/CryptoCurrency Moons and r/FortNiteBR Bricks are rallying sharply on Wednesday, ahead of Reddit's Initial Public Offering , which has been reported as oversubscribed. Reddit's IPO ready to catapult

and BRICK have shown bullish momentum for the past week. The tokens used for rewarding active users who contribute to the r/CryptoCurrency and r/Fortnite, respectively, have soared 16.8% and 24.2% in the past 24 hours as the IPO looms. This increase comes even amid the wider crypto market correction. In a weekly timeframe, both tokens recorded significant gains, according to data from Coingecko.

on Arbitrum One layer 2 on Thursday, after the interoperability protocol, Celer announced support for the community token earlier last month. The Celer bridge will allow users to move their

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What's Driving the Rally in Reddit Community Token MOON?Moons (MOON), the native cryptocurrency of Reddit’s r/CryptoCurrency community, hits a record high ahead of Celer’s multidirectional bridge launch. MOON rallied to 84 cents over the weekend, surpassing the previous peak of 65 cents registered in July 2023. CoinDesk's Jennifer Sanasie presents the 'The Chart of the Day.
Source: CoinDesk - 🏆 291. / 63 Read more »