Venice AI Token (VVV Coin) attracted great attention immediately after the launch. However, the price lost 40 %in one day and worried investors. Can Binance announce the VVVUSDT futures transactions and trigger the price recovery? Crypto analysts think that there may be big players behind the decline.
Venice AI Token: Great Success, Great Decrease
As Kriptokoin.com, Venice AI Token has reached a market value of $ 1 billion in the early hours of its release. However, the intense sales printing price after Airdrop has rapidly pulled down. The VVV was traded at $ 18 at the launch, and now it has declined to $ 10.69.
Despite this harsh decline, the daily transaction volume of the VVV increased by 114 %to $ 136.1 million. Investors, while evaluating purchasing opportunities, Binance’s announcement of the VVVUSDT futures transactions drew attention. Binance’s support can be a recovery signal for the token.
Does Binance’s VVV Coin futures increase the price?
Binance announced that on January 29, 2025, the VVVUSDT will launch an indefinite term transaction agreement. This contract will offer investors up to 25 times leverage. Token listing large stock exchanges often accelerates price movements.
Binance determined the maximum funding rate in this new process pair as 2 %. In addition, users will be able to use different assets, including BTC, as collateral. High leverage and liquidity can cause sudden movements in the price of VVV. Hard fluctuations may occur in the short term.
What are VVV Coin investors expect?
The large -scale market sales wave has hardly reduced the price of VVV. Token’s fully diluted market value fell from $ 1.65 billion to $ 1.02 billion. However, this decline may be an opportunity for big players to accumulate more.
Crypto analyst Bitecorn argues that the current decrease is deliberately created by market makers to down the price. The analyst said that three different descending channel formation pointed to the accumulation process and that there was a high probability of rising in the short term. Market players and Binance list will determine the direction of VVV. Will the token price make a jump from here? Investors watch carefully!
