VVV Token by Venace AI Reaches $1.6B Valuation in 2 Hours

January 28, 2025 - 3 min. read

By Yagyesh Jaiswal

VVV token launch success

Venice AI has just announced the launch of its token, VVV, on January 27, 2025. Within hours of the announcement, the fully diluted valuation reached $1.6 billion. This token will grant users private access to the DeepSeek AI model on top of the Base network. Venice AI is making big waves in both the AI and cryptocurrency scenes with this new innovation.

VVV token boosts Venice AI's mission
Venice AI launches $VVV token to support machine intelligence

Token Launch Details

The Venice Token (VVV) went live at around 6 PM UTC on January 27. Within hours of its live time, data from DEXScreener shows that it attained a fully diluted valuation of over $1 billion. VVV now stands at a market capitalization of around $341.1 million, with almost 25 million of the total 100 million tokens circulating on the public market.

Venice Token sees notable price movement
VVV Token shows strong market activity

According to Venice AI, in the initial distribution, 50% of tokens are airdropped to Venice users and the AI community. The remaining 35% is reserved for Venice.ai, another 10% goes to the incentive fund, and 5% to liquidity.

Airdrop and Staking

In one of the large transactions, the address “fuckyoubears.eth” received 65,400 VVV tokens worth $1.18 million in the hours immediately following the launch. This address staked all received tokens just four hours post-airdrop. Such strong engagement from early adopters puts an emphasis on growing interest in the Venice Token.

Whale address staked 65,400 VVV tokens.
Top address receives $1.18M in VVV

The date of the snapshot for the airdrop was December 31, 2024, and the token distribution went through for eligible users. Indeed, this method of getting attention did work pretty well, and now there are more than 13,200 token holders.

Access to DeepSeek Technology

The Venice Token allows the user free, ongoing access to the Venice API for private and uncensored access to generate text, images, and code. This is achieved on the back of advanced AI models, like DeepSeek R-1, which has just launched. Venice AI gives users the assurance that their data will not be forwarded to third-party servers, answering privacy concerns swirling around its DeepSeek technology.

Market Impact and Future Prospects

The Venice AI launch drew interest from the AI and cryptocurrency markets. Launched in May 2024, its user base has grown to over 400,000 users, with around 15,000 inference requests per hour being processed. Such a swelling user base would suggest that there is substantial demand for the AI services offered by Venice.

Erik Voorhees is an entrepreneur and owner of Venice AI, and quite a well-known proponent of Bitcoin. More importantly, he previously founded the cryptocurrency exchange ShapeShift. His involvement gives credibility to Venice Token and any project associated with it.

Yagyesh Jaiswal

Yagyesh is a crypto geek and a blockchain educator. Started his crypto journey in 2018...

Yagyesh Jaiswal