October 18th, according to TechCrunch reports, Reddit has decided to terminate its blockchain-based community points program that has been in existence for nearly three years. Tim Rathschmidt, Reddit's Director of Consumer and Product Communications, said, "Although we see some future opportunities for community points, the resources required are too high to sustain. In addition, the regulatory environment has increased efforts in this area."

After the announcement, the native token Moons (MOON) of the Reddit r/CryptoCurrency community fell by 85%, the Bricks (BRICK) token of the r/Fortnite sub-forum fell by 67%, and the Donut (DONUT) token representing the community points of the r/ethtrader sub-forum fell by 66%.