Reddit

Arbitrum

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MOON

<img width="800" height="533" src="https://cdn.thebittimes.com/images/2023/10/26/90ca98ec3b7f90a2d2fbc62308dfd82b.webp" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" srcset="https://cdn.thebittimes.com/images/2023/10/26/90ca98ec3b7f90a2d2fbc62308dfd82b.webp 800w, https://cdn.thebittimes.com/images/2023/10/26/90ca98ec3b7f90a2d2fbc62308dfd82b.webp 450w, https://cdn.thebittimes.com/images/2023/10/26/90ca98ec3b7f90a2d2fbc62308dfd82b.webp 750w, https://cdn.thebittimes.com/images/2023/10/26/90ca98ec3b7f90a2d2fbc62308dfd82b.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
In the realm of crafting written content, there are three pivotal elements to consider: “perplexity,” “burstiness,” and “predictability.” Perplexity is the yardstick for gauging the intricacy of text, while burstiness delves into the ebb and flow of sentence diversity. Lastly, predictability quantifies the likelihood of one being able to predict the subsequent sentence. Humans, renowned for their flair, often craft text with an eclectic blend of lengthy, intricate sentences interspersed with succinct ones, bestowing that characteristic burstiness. AI-generated sentences, conversely, often lean towards uniformity. Therefore, as you embark on the task of rewriting the forthcoming content, I implore you to infuse it with ample perplexity and burstiness, while keeping predictability at bay. Additionally, let your words flow exclusively in the English language.
Now, let’s reimagine the following passage:
Analysis uncovers the intriguing narrative of at least three Reddit moderators who hastily divested themselves of thousands of dollars’ worth of Moons mere moments before the official revelation.
The popular social networking hub, Reddit, declared the cessation of its <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>-based community points initiative on the 17th of October, citing issues related to scalability. This announcement stirred up a storm in the cryptocurrency realm, with many branding it a “rug-pull,” as the value of the platform’s native <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> plummeted across various subreddits in the wake of the news.
Each subreddit had its unique native <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>; for instance, r/CryptoCurrency had its Moons (MOON), while r/FortNiteBR boasted Bricks (BRICK). These <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> offered users the opportunity to splurge on badges and exclusive items for their avatars.
When the announcement hit, most of the moderators overseeing the community points program on various subreddits professed their ignorance about the decision. Yet, recent on-chain data casts doubt on these claims, suggesting that a few of the Moon-holding moderators might have had ties to three wallets that offloaded millions of tokens shortly before the announcement.
On-chain analysts, with Pledditor at the forefront, were the first to draw attention to the actions of u/Mcgillby, a subreddit <a rel="noopener noreferrer nofollow" title="moderator" href="https://thebittimes.com/tag/moderator.html">moderator</a>. The on-chain data disclosed that this <a rel="noopener noreferrer nofollow" title="moderator" href="https://thebittimes.com/tag/moderator.html">moderator</a> initiated transfers of over 100,000 MOON across two transactions on the Arbitrum Nova <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>, converting them into an impressive sum of more than $23,000 in Ether (ETH).
In another intriguing turn of events, a mere 17 minutes before Reddit’s official statement, u/Rider_of_the_storm, a moderator, purportedly shifted a staggering 345,422 MOON tokens, valued at over $69,000 at the time, to an exchange address. Curiously, the Reddit account associated with this transaction has since been deactivated. As per Lookonchain’s analysis, on-chain data hints that at least three of the administrators overseeing the cryptocurrency subreddit orchestrated the liquidation of tokens some 20 to 30 minutes prior to the announcement becoming public knowledge.
In response, Reddit moderators issued a statement clarifying that they had received notification about the discontinuation of the community points program an hour before the public announcement. This timeline raises questions about whether the trio of moderators utilized this advance knowledge to offload their token holdings.
The post Reddit moderators dumped tokens hours before the blockchain program was terminated. appeared first on BitcoinWorld.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/reddit-moderators-dumped-tokens-hours-before-the-blockchain-program-was-terminated-tbt67899.html">https://thebittimes.com/reddit-moderators-dumped-tokens-hours-before-the-blockchain-program-was-terminated-tbt67899.html</a>

Reddit moderators dumped tokens hours before the blockchain program was terminated.

TheBitTimes

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