TechFlow reported on February 6 that the Venice Protocol project team has been accused by the community of dumping $10.2 million worth of tokens following the token launch. Allegedly, the Venice team sold $VVV tokens immediately after launch, causing the token price to drop 63% in less than two weeks. Additionally, market maker Wintermute was accused of selling tokens before any centralized exchange listings.
In response to these allegations, the project stated that its tokenomics were disclosed in advance and all transactions occurred on-chain.
Notably, Venice is an AI project on the Base chain powered by DeepSeek.
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