BRICK, the crypto reward token given out in Reddit’s subreddit community around the popular video game Fortnite, saw a significant surge in value Wednesday, rising 131% in price over the course of the day.

Per data from CoinGecko, BRICK went from an early-day low of just under $0.075 to a peak of about $0.173 by the end of the day Wednesday, more than doubling in price in less than 24 hours. BRICK buzz has since cooled, with the token currently trading for about $0.125, still representing a 35% jump over the past 24 hours as of this writing.

What prompted the sudden pop, however, isn’t entirely clear. Reddit’s Fortnite community didn’t make any significant announcements or changes this week, nor were they any substantial moves around the actual Fortnite game. BRICK is not officially linked to Fortnite or creator Epic Games, and was simply created by and for the Reddit community.

What’s more likely is that limited liquidity led to substantial price shifts as one or more users bought and sold the tokens. BRICK has a market cap of just $15.6 million, according to CoinGecko, with 24-hour trading volume of just over $1 million.

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Author: Andrew Hayward

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