{"id":10214,"date":"2025-01-29T07:01:51","date_gmt":"2025-01-29T07:01:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10214"},"modified":"2025-01-29T07:01:51","modified_gmt":"2025-01-29T07:01:51","slug":"venice-ais-vvv-drops-50-as-insider-trading-concerns-swirl","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10214","title":{"rendered":"Venice AI\u2019s VVV Drops 50% as Insider Trading Concerns Swirl"},"content":{"rendered":"<div>\n<p>Newly launched Venice AI&#8217;s VVV token nosedived as much as 50% as insider trading allegations led to a drop in early sentiment for the hyped product.<\/p>\n<p>Venice AI launched on Monday as an AI platform on the Base network that allows users to access China\u2019s DeepSeek with a layer of privacy. It zoomed to a $1 billion market capitalization from a starting cap of $20 million on Monday on its appeal of offering private, uncensored AI inference access without per-request fees.<\/p>\n<p>It was also listed on Coinbase (COIN) on its first day \u2014 becoming one of rare assets listed on the exchange on the day of launch \u2014 which may have helped propel the move. But sentiment took a hit Tuesday night on reports of insiders making millions of dollars from the launch.<\/p>\n<p>Two contributors of launch partner Aerodrome Finance purchased a hoard of tokens shortly after it went live on the platform \u2014 but before any public announcements \u2014 with the position going from $50,000 to $1 million under an hour.<\/p>\n<p><a href=\"https:\/\/x.com\/chadderbiz\/status\/1884249914697474400\" target=\"_blank\">https:\/\/x.com\/chadderbiz\/status\/1884249914697474400<\/a><\/p>\n<p>Aerodrome suspended the two contributors after community backlash: \u201cThe timing of a small percentage of the trading activity around the $VVV launch was flagged by internal monitoring in less than 30 minutes \u2013 triggering an internal investigation.\u201d<\/p>\n<p>\u201cThis investigation resulted in suspending two contributors within three hours of launch. We are continuing the investigation and will take all appropriate further action,\u201d the team said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Newly launched Venice AI&#8217;s VVV token nosedived as much as 50% as insider trading allegations led to a drop in early sentiment for the hyped product. Venice AI launched on Monday as an AI platform on the Base network that allows users to access China\u2019s DeepSeek with a layer of privacy. It zoomed to a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10214","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10214"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10214\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}