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Amid Reddit IPO Frenzy, Community Token MOON Hits All-Time High
With Reddit’s IPO approaching, there’s a surge in demand for its community tokens. According to Reuters, the Reddit IPO is experiencing overwhelming demand. Reports also suggest that Reddit may achieve a valuation of $6.5 billion, being four to five times oversubscribed.
The social media platform, renowned for its vibrant user base, has announced a robust performance for FY2023, surpassing $800 million in sales. Currently, Reddit boasts a total asset portfolio of $1.6 billion, including $1.3 billion in cash reserves and holdings in cryptocurrencies like Bitcoin, Ethereum, and MATIC.
The MOON Token Rally
Moons (MOON), the native cryptocurrency of Reddit’s r/CryptoCurrency community, is experiencing a surge in anticipation of Celer’s upcoming bidirectional bridging feature. This innovative facility will enable token holders to transfer coins seamlessly between Arbitrum One and Arbitrum Nova.
We współpracy z: https://www.coinspeaker.com/reddit-ipo-token-moon-ath/
