Shocking Insider Trading Scandal: Venice AI’s VVV Token Takes a Plunge! đŸ˜±

by

Ah, the newly minted Venice AI’s VVV token, a veritable phoenix that, alas, has taken a nosedive of 50%—a tragic ballet of numbers pirouetting downwards, all thanks to the swirling miasma of insider trading allegations. One might say it’s a classic case of “what goes up must come down,” but in this instance, it’s more like “what goes up must plummet like a lead balloon.” 🎈

Launched with the fanfare of a thousand trumpets on a fateful Monday, Venice AI promised a tantalizing dalliance with China’s DeepSeek, wrapped in a shroud of privacy. From a humble $20 million, it soared to a dizzying $1 billion market cap, as if propelled by the very winds of fortune, offering the sweet nectar of private, uncensored AI inference access—without the pesky per-request fees, of course.

And lo! It graced the hallowed halls of Coinbase (COIN) on its very first day, a rare gem among the digital assets, basking in the glow of its own hype. But, as the fates would have it, the jubilant sentiment took a nosedive Tuesday night, as whispers of insiders raking in millions began to echo through the digital corridors.

Two contributors from the launch partner Aerodrome Finance, those crafty little foxes, snatched up a veritable treasure trove of tokens just moments after the launch—before the public could even blink! Their initial $50,000 investment ballooned to a staggering $1 million in less than an hour. Talk about a quick buck! 💰

In the wake of community outrage, Aerodrome swiftly suspended these two contributors, declaring, “The timing of a small percentage of the trading activity around the $VVV launch was flagged by internal monitoring in less than 30 minutes—triggering an internal investigation.” Ah, the irony! The very guardians of the launch turned out to be the wolves in sheep’s clothing.

“This investigation resulted in suspending two contributors within three hours of launch. We are continuing the investigation and will take all appropriate further action,” the team solemnly intoned, as if reciting a litany of regret. One can only imagine the frantic scribbling of notes and the clinking of coffee cups in the boardroom as they ponder their next move. ☕

Read More

2025-01-29 10:09