[Robinhood Onchain] Reddit supply falls $0.52 million as Take-Two volume doubles

About $0.52 million of Reddit (RDDT) tokens was removed from circulation on Robinhood Chain. SpaceX (SPCX) led tokenized stocks in wallet growth, while Take-Two Interactive (TTWO) recorded a sharp increase in trading.

About $0.52 million of Reddit (RDDT) tokens was removed from circulation on Robinhood Chain. SpaceX (SPCX) led tokenized stocks in wallet growth, while Take-Two Interactive (TTWO) recorded a sharp increase in trading.

As of Oct. 16, Reddit token supply had fallen by 3,290 tokens, equivalent to 25.4% of the previous total. Its 24-hour trading volume was $0.80 million, about 1.2 times the previous day's level, while its price rose 7.3%.

SpaceX posted the largest increase in holding wallets, adding 785 to reach 114,201. It was followed by Take-Two Interactive with 185, Tesla (TSLA) with 182, and Amazon (AMZN) and the United States Oil Fund (USO) with 92 each. Microsoft (MSFT) lost 112 wallets, SPDR S&P 500 ETF (SPY) lost 76 and Apple (AAPL) lost 64.

Reddit recorded the largest notable supply reduction at about $0.52 million. Nvidia (NVDA), meanwhile, added about $0.44 million worth of tokens.

Tesla traded at the largest premium to its regular-market price, at 4.6%. USA Rare Earth (USAR) followed at 3.1%, with SpaceX at 2.1%. CoreWeave (CRWV) traded at a 4.4% discount, while Strategy (MSTR) was 2.8% lower.

Nvidia led 24-hour trading volume at $36.85 million, followed by SPDR S&P 500 ETF at $31.32 million, SpaceX at $22.43 million and Micron (MU) at $9.27 million. Across 192 assets, volume totaled $165.64 million against combined market capitalization of $152.09 million.

Take-Two Interactive's trading volume rose to about twice the previous day's level. Lululemon (LULU) volume climbed to roughly 2.9 times the prior level, while BlackBerry (BB) rose to about 2.4 times.

Among the largest price moves, USA Rare Earth gained 12.5%, Circle (CRCL) rose 10.6% and Roblox (RBLX) advanced 9.5%. Dell (DELL) fell 3.2%, Johnson & Johnson (JNJ) declined 1.6% and Costco (COST) slipped 1.4%.

Reddit's wallet count was nearly unchanged, rising by one even as about $0.52 million of supply was removed. Take-Two Interactive combined a 1.5% increase in wallets with trading volume that rose to about twice the previous day's level. AMD's price was nearly flat while volume increased 35.3%.

This article is based on market data and chart analysis and does not constitute an investment recommendation.