Reddit Points surged more than 45% on Sunday after new disclosures revealed that New York-based Totem Point Management LLC purchased a stake in the company during the fourth quarter worth approximately $1.273 million.
The sharp upward trend highlights growing investor excitement not only around Reddit’s broader platform growth but also its unique blockchain-based Community Points system.
Reddit Points, which allow users to earn, own, and spend blockchain tokens based on their contributions to certain subreddits, have become an increasingly important piece of the company’s ecosystem.
Unlike traditional “karma” on Reddit, Points are decentralized — meaning users actually own them and can store them in crypto wallets, tip others, unlock special memberships, and even trade them. Communities like r/CryptoCurrency (with its “Moons” token) have led to adoption. See the seven-day trend below.
There’s also r/FortNiteBR, which rallied over the past week:
The rally also reflects broader market dynamics, as crypto assets have been buoyed by a mix of institutional interest, optimism around blockchain-based social networks, and the social media company’s recent initial public offering.
Investors appear to view Community Points as a potential “sleeper asset” that could drive new engagement models in the evolving creator economy.
TL;DR The team behind the project reiterated some of the most important details of the…
Honorable MentionsPhotograph: Parker HallThere are a lot of great soundbars out there, and we don’t…
XRP was trading at $2.39 on May 18, 2025, with a market capitalization of $140…
The crypto funding market saw $73.2 million in total investments during the week of May…
AI startup Cohere has acquired Ottogrid, a Vancouver-based platform that develops enterprise tools for automating…
Steak ‘n Shake recently made headlines by officially accepting bitcoin payments via the Lightning Network…