Whale Invests $1.89 Million in Venice Token (VVV) Amid High Stakes Trading

According to recent data from OnchainLens, a significant transaction was recorded on February 4th, where a prominent crypto whale acquired 299,210 VVV tokens for 674 ETH, equating to approximately $1.89 million, representing an average price of $6.34 per VVV token. This purchase followed a prior acquisition wherein the same whale invested 1,186 ETH (around $3.8 million) for 217,023 VVV, later liquidating the holdings for merely $1.03 million, culminating in a substantial loss of $2.76 million.

The Venice Token (VVV), which is predicated on the DeepSeek AI framework within the Base network, made its debut on January 27th. This innovative platform grants users and AI agents utilizing VVV tokens unrestricted access to a spectrum of advanced models, including Llama 3.3, QWEN 2.5 Coder, and the cutting-edge DeepSeek. The recent whale activity could hint at strategic maneuvers within the crypto market, particularly concerning AI-focused projects.