Venice Token ($VVV) is one of the projects that has been attracting attention in the cryptocurrency market recently, but it has fallen sharply due to whale activity. According to on-chain data, $VVV The price has fallen more than 8% in the past 24 hours as large investors have started selling.
According to analysis, prominent whale addresses started selling stocks $VVV By unstaking tokens, you will gradually increase the number of tokens. Approximately $600,000 worth of merchandise was reported sold at this address. $VVV And it still holds a value of about $600,000.
On the other hand, it was also discovered that a bot account that was active on the market had sold approximately $200,000 worth of bot accounts. $VVV. These additional sales also increased downward pressure on prices.
With all these developments, $VVV As of this writing, the price has fallen to $5.63, marking a daily decline of 8.1%. The token has a market capitalization of approximately $263 million.
*This is not investment advice.
