Odaily Planet Daily News An analyst on the chain said that anonymous trader GCR currently holds a large amount of Reddit's community token MOON. The trader placed a $10 million bearish bet on LUNA in early 2022.
Reddit user Nutcase420 posted on Reddit’s r/CryptoCurrency subreddit that GCR purchased 450,000 MOON tokens from the MEXC exchange and transferred them to Kraken via Arbitrum Nova 24 hours ago. The post cites a tweet that says the Kraken deposit address 0x5D1177F01f6607628b78fB29C73C8de751B28839 is related to GCR because it previously received a large amount of ether from GCR’s Ethereum name service domain @GiganticRebirth: Ezekielx.eth.
At the same time, Prithvir Jhaveri, co-founder and CEO of Loch Research, confirmed this speculation, adding: "GCR bought 450,000 MOONs at an average price of 40 cents to 45 cents, and it is unclear why GCR got these moons at the time.” (CoinDesk)
According to news yesterday, Kraken and Kraken Pro added support for r/FortNiteBR Bricks (BRICK) and r/CryptoCurrency Moons (MOON) transactions on Monday, and then the prices of these two tokens soared.
It is reported that MOON and BRICK were previously launched as part of the Reddit community points program. MOON is the native token of the Reddit r/CryptoCurrency subreddit, and BRICK is the native token of the r/FortNiteBR subreddit.