🚨 30M Tokens Burned. Venice Could 4x.

Added: 2026-05-16

[00:00:00]VVV, the Venice token, is outperforming the rest of the market, and that's because more than 30 million tokens got burned. They got removed from the circulating supply. Now, how much longer can this rally last? We are now at a market cap of close to 800 million. The largest competitor in the space, BitTensor, has a market cap of 3 billion. So, after a 4x roughly, which means a Venice price between 60 and $70, the air is likely getting thinner. This rally is not created on chain. The long-term holders on the base chain are not going up in numbers. It's just flat.

[00:00:37]Instead, the source of this demand is open interest on the perpetual futures on the derivatives market. A lot of people are betting on Venice with leverage, very short-term. There are many more data points to discuss. I've made a full-length video on the channel.

[00:00:52]Feel free to check it out, and feel free to also give this short a like. Thank you.