The popular discussion program Reddit's Kraken listing in August for Bricks (BRICK), the native token of the Fortnite community, caused BRICK to rise more than 50%.
After this rise, a downward trend began for BRICK. BRICK, which has decreased by more than 80% in the last two months, has increased by 110% in the last 24 hours.
According to CoinMarketCap data, the trading volume increased along with the price, with most of the trading volume occurring on Kraken, with the figure on all exchanges approaching $750,000, an 800% increase compared to the previous 24-hour period.
Experts stated that there is no clear catalyst that can explain the price increase in BRICK.
Experts also warned that BRICK liquidity remained weak, saying that the lack of liquidity in a token that has experienced significant high rates of rise poses a risk for investors. Because the price may fall as suddenly as it rises due to lack of liquidity.
*This is not investment advice.