VVV's price increased by 80% as whales purchased ahead of Venice's launch of tokenized DIEM. This initiative requires locking VVV to mint DIEM, transforming VVV into a dynamic AI compute marketplace, enhancing utility and trade dynamics.
In a significant move, Venice announced on its blog that VVV's price surged 80%, driven by substantial whale purchases, as the launch of tokenized DIEM approaches on August 20, 2025.
The DIEM launch is pivotal for Venice's strategy, reshaping its tokenomics and creating new market dynamics. Market reactions include whale accumulation and price surges.
Venice's upcoming tokenized DIEM launch demands minting by locking VVV tokens, marking a significant change in VVV's price dynamics. The event has spurred an 80% price rise due to increased whale accumulation and smart money inflows. Founded by Erik Voorhees, Venice plans to transform its VVV token into a dynamic AI compute marketplace. Token holders must lock VVV to mint DIEM, introducing fresh utility and trading possibilities for VVV and DIEM tokens.
"Diem evolves Venice’s VVV token from static into a dynamic AI compute marketplace. VVV holders gain unprecedented flexibility: Stake VVV → earn max yield. Mint DIEM → trade or sell DIEM and earn 80% of yield. Stake DIEM → use API for free, no more capacity volatility." - Venice Team, Venice.ai
The price surge reflects positive market sentiment as VVV surged to $4.25, pushing its market cap beyond $130 million USD. Whale holdings increased significantly, indicating strong demand ahead of the DIEM launch. From a financial perspective, experts anticipate increased demand for VVV and potential liquidity shifts as tokens are locked for DIEM. The launch will likely impact AI API markets significantly.
Current investor actions are akin to those observed in other DeFi protocol upgrades. Historical data suggests similar surges and volatility during initial launches. Regulatory focus remains scrutinized, though intervention is not anticipated.
Read original article on coinlineup.comBy CoinLineup
about 4 hours ago
