TechFlow news, according to CoinDesk, social media platform Reddit will shut down its blockchain-based community points program on November 8. Reddit stated that although the program presented some opportunities, the required resources were too high. The team has launched or is actively investing in other products that are easier to adopt.
In addition, changing regulatory environments have exacerbated this challenge. Following this news, prices of Reddit's community tokens plummeted. Moons (MOON) dropped 85%, Bricks (BRICK) fell 67%, and Donut (DONUT) declined 66%.




