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Kraken Teases Potential Listing of Reddit Moons, Native Token of r/CryptoCurrency Users

The native token of r/CryptoCurrency users on Reddit, Moons, saw a surge in value on Monday after representatives from Kraken hinted that it could potentially be listed on the exchange. Moons doubled in value, rising 104% to $0.19 over the past 24 hours. Reddit users earn Moons based on their activity in the subreddit and can use them for tipping between users.

While a tweet claiming Reddit's stance on selling digital assets had changed caused excitement, it was later revealed that the news was months old. However, a member of Kraken's support team hinted that Moons could one day be added to the exchange.

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