Posted 10/23/2023, 8:03:00 AM
Reddit Crypto Subreddit in Uproar Over Moderator MOON Insider Trading Before Program End
- Reddit’s r/CryptoCurrency community fires moderators accused of MOON insider trading before announcement to end program
- Moderators sold 456,353 MOON worth $92,000 just 30 minutes before Reddit's announcement
- Another 363,227 MOON sold 2 minutes before announcement, crashing MOON price over 85%
- Moderators were informed 1 hour in advance, enraging community members who called for SEC action
- r/CryptoCurrency subreddit now considering future of MOON token, waiting on Reddit's decision
- Proposal made to transfer MOON contract to community or burn address to solve situation