The native token of Reddit’s Fortnite community, known as BRICK, has experienced a remarkable 110% surge in value within the last 24 hours, following a previous 80% decline over the past two months.
The majority of this sudden trading activity took place on Kraken, with the combined volume on all exchanges reaching nearly $750,000. This reflects an astonishing 800% increase compared to the previous 24-hour period, as reported by CoinMarketCap.
Interestingly, the surge in BRICK’s price seems to lack a discernible catalyst. This is noteworthy, especially in the context of the broader cryptocurrency market, where Bitcoin (BTC) recently fell below the $27,000 mark on Wednesday.