Subreddit r/CryptoCurrency MODs Accused Of MOON Insider Trading

A crypto analyst claims that MODs sold their MOON tokens before Reddit’s public announcement of winding down Community Points.

Written By:
Gopal Solanky

Last updated: February 12, 2024 4:45 AM

Published October 20, 2023 11:03 AM

Last updated: February 12, 2024 4:45 AM

Published October 20, 2023 11:03 AM

The popular crypto subreddit, r/CryptoCurreny’s moderators are accused of selling MOON tokens on insider information.

A crypto analyst, Pledditor shared the post revealing that r/CryptoCurrency moderators sold their MOON tokens before the public announcement of Reddit winding down community points on October 17.

.@Reddit admins told /r/CryptoCurrency moderators beforehand, and 3 moderators sold $MOON tokens on insider information$MOON price dropped -22% minutes before the announcement was posted

Here is a list of Reddit moderators acting on inside information BEFORE the announcement: pic.twitter.com/xAh75hOVEa
— Pledditor (@Pledditor) October 18, 2023

Pledditor claims that MOON price dropped nearly 22% minutes before the official public announcement.

The post stated that three moderators u/Mcgillby, u/rider_of_the_storm and u/IHaventEvenGotADog combined sold their MOON holding on insider information in different transactions. It also shares that some of the moderator selling took place immediately after the announcement.

Pledditor also stated proof that moderators were informed about Reddit’s decision an hour before.