The newly launched VVV tokens VVV nosed by Venice AI by 50% as insider trading allegations led to a falling in early emotion for the hyped product.
Venice AI was launched on Monday as an AI platform on the base network that allowed users to access China’s depseek with a layer of privacy. It zoomed with a $ 1 billion market capitalization of the market from a starting $ 20 million on Monday in its appeal offering private, hopeless access to AI without per-request fees .
It was also listed on the Coinbase (coin) on its first day – which became one of the rare properties listed on the exchange day – which could help provoke the move. But the emotion struck on Tuesday night with reports of insider making millions of dollars from the launch.
Two Aerodrome Finance’s Launching partner bought a hoard of tokens shortly after it survived the platform – but before any public announcement – with a position from $ 50,000 to $ 1 million under of an hour.
https://x.com/chadderbiz/status/1884249914697474400
The aerodrome suspended the two contributing after the backlash of the community: “The timing of a small percentage of trading activity around $ VVV launching is that -the internal monitoring of less than 30 minutes -who has -Trigger of an internal investigation. “
“This investigation resulted in the suspension of the two contributing within three hours of launch. We continue the investigation and we will do all the appropriate additional action,” the team said.
