Posted 10/12/2023, 7:26:03 PM
Fortnite Subreddit Token BRICK Jumps 131% In Price On Low Volume
- BRICK, Fortnite subreddit token, surged 131% in price on Wednesday
- Unclear what prompted the sudden price increase
- Likely due to limited liquidity and trading volume
- BRICK has low market cap and trading volume, so price can shift significantly
- Launched in 2020 as Reddit Community Points trial
- Migrated to Arbitrum Nova in 2022, making tokens easier to access
- Reddit has yet to expand Community Points program to other subreddits
- MOON, crypto subreddit token, also saw price and volume increase
- Both BRICK and MOON hit all-time high prices over the summer