Updated on:12/06/2025 05:22 PM 
The Reddit community has once again demonstrated its collective creativity as the 2023 "Place" event concludes, with cryptocurrency communities making significant digital imprints. As of July 25, Dogecoin enthusiasts and the /r/cryptocurrency subreddit have successfully secured prominent positions on Reddit's expansive collaborative canvas, while Bitcoin's presence remains notably absent.
This year's iteration of the popular Reddit event, which commenced on July 20, enables registered users to contribute to a massive digital artwork by placing individual pixels. The strategic timing mechanism—requiring users to wait between pixel placements—necessitates sophisticated community coordination and planning to execute complex designs.
The Dogecoin (DOGE) community has crafted an impressive visual representation featuring three Ethereum (ETH) symbols alongside a muscular Shiba Inu dog adorned with sunglasses, symbolizing the meme coin's playful yet resilient nature. Simultaneously, the /r/cryptocurrency subreddit has immortalized its native Moons token through a distinctive moon symbol complemented by a vine and rocket ship, representing growth and technological advancement.
In contrast, Bitcoin's designated area on the canvas has faced challenges, with its initial Cuban flag design being defaced by random black pixels. Some community members have reported ongoing efforts to repurpose an unrelated coin artwork—originally created for Twitch streamer Punz—by replacing the "P" with a "B" to represent Bitcoin, though these attempts have met with limited success.
This year's participation marks a shift from previous years, which saw greater cryptocurrency representation. The 2022 canvas featured multiple entries from Bitcoin, Ethereum, Monero, Moons, Nano, Banano, Helium, Raptoreum, and Wownero. Similarly, the 2017 event included at least Bitcoin, Ethereum, and Monero among its crypto-themed artworks.
The successful placement of Dogecoin and Moons designs coincides with notable developments for both tokens. Dogecoin experienced a significant surge on July 24, following Elon Musk's Twitter rebranding and his addition of the Ethereum symbol to his profile, sparking renewed speculation about potential Dogecoin integration. Over the past week, Dogecoin has demonstrated impressive performance, increasing by 20.4%.
Meanwhile, the /r/cryptocurrency Moons (MOON) token received a significant boost following its listing on Crypto.com on July 17. The asset has shown extraordinary growth, skyrocketing 314.8% over the past 14 days. In contrast, Bitcoin, typically considered a market benchmark, has declined by 1.6% over the last seven days and 4.2% over the past fortnight.
The 2023 Reddit Place event is anticipated to conclude at an unspecified time on July 25, leaving final opportunities for communities to make their mark on the digital canvas.
The successful cryptocurrency designs on Reddit's Place canvas reflect broader market movements for these digital assets. The Dogecoin community's victory in securing a prominent space comes amid renewed interest from influential figures like Elon Musk, whose social media activities have repeatedly impacted the meme coin's valuation.
For /r/cryptocurrency's Moons token, the visual representation on the popular platform serves as organic promotion for a currency that has seen remarkable price action following its exchange listing. The community-driven nature of both the token and its artwork on Reddit's canvas creates a powerful narrative of decentralized success.
As Bitcoin struggles to find its place in this year's digital art showcase, the contrasting fortunes of these cryptocurrencies highlight the diverse factors influencing market perception and community engagement in the ever-evolving blockchain ecosystem.
