Home / Analysis / Crypto / Technical Analysis / VVV Bears Should Be Worried After Upbit Listing as Venice Token Burn Hits 42% of Total Supply — Here’s Why
Will VVV price continue to rise? | Credit: Hameem Sarwar
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Key Takeaways
Venice Token surged by over 90% as token burns, rising AI adoption, and its Upbit listing pushed its market capitalization above $800 million.
More than 42% of the total VVV supply has been permanently burned, while additional buyback-and-burn mechanisms continue reducing circulating supply.
VVV has broken out of a long accumulation range with bullish momentum targeting the $20 zone, though short-term consolidation risks are increasing.
Venice Token (VVV) has become one of crypto’s hottest movers this week, surging more than 90% and climbing above $17.
The rally now puts VVV within roughly 22% of a fresh all-time high while pushing the project’s market capitalization beyond $800 million.
Additionally, the explosive rally has pushed Venice’s market capitalization past $800 million.
And unlike many crypto pumps fueled mostly by speculation, Venice’s breakout appears to be backed by a mix of deflationary tokenomics, rising platform usage, and growing demand for AI-focused infrastructure.
Why Is the Altcoin Up?
At the center of the rally is Venice’s aggressive token burn model.
So far, the project has permanently removed roughly 42.22% of its total token supply from circulation (currently valued at nearly $600 million).
That has effectively turned VVV into one of the most deflationary AI-linked crypto assets on the market.
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The supply squeeze started back in March 2025 during Venice’s “Genesis Burn,” when the project destroyed around 33.68 million unclaimed airdrop tokens.
That single event wiped out more than one-third of the token’s original 100 million supply almost overnight.
On April 27, Venice upgraded its automated “Sub Burn Program,” which now uses fiat subscription revenue to continuously buy back VVV tokens from the open market before permanently burning them.
Under the updated structure:
Pro subscriptions burn $2 worth of VVV monthly.
Pro+ subscriptions burn $5 monthly.
Max subscriptions burn $10 monthly.
The program alone burned more than $166,000 worth of VVV in April, helping reduce the circulating supply to roughly 57.2 million tokens.
Now, that shrinking supply is colliding with rising demand for the platform — creating what some traders describe as a powerful supply-demand “flywheel.”
At the same time, South Korean exchange Upbit is listing VVV today, adding another major catalyst behind the rally.
Trading activity has already exploded. At the time of writing, VVV’s daily trading volume sits near $153.76 million.
If momentum and volume continue to rise together, the token could run toward the $20 level in the near term.
Venice Tokenomics Offers Gains Beyond VVV
Venice operates a decentralized, privacy-focused AI infrastructure platform designed for developers building autonomous AI agents and uncensored Large Language Model (LLM) applications.
To access Venice’s infrastructure, developers must lock VVV tokens to mint DIEM utility credits, where 1 DIEM equals $1 of daily API credit.
As adoption increases, more VVV becomes permanently locked inside the ecosystem, further reducing exchange liquidity and increasing scarcity pressure.
The platform’s recent integration of Anthropic’s advanced Opus 4.7 model has also accelerated developer adoption.
The upgrade introduced support for highly advanced “agentic coding” workflows, enabling autonomous AI systems to perform more complex software tasks directly through the Venice platform.
At the same time, Venice recently announced that it surpassed 2 million registered users, while monthly platform traffic climbed to approximately 8.8 million visits.
Another bullish factor came earlier this year when Venice permanently reduced annual token emissions by 25%.
Consequently, this has lowered yearly issuance from 8 million VVV to 6 million tokens.
If sustained, CCN believes that the emission cuts will significantly reduce long-term sell pressure on the altcoin.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
