Venice AI token VVV surges 3,000% to record $34.51 as privacy-focused platform crosses $100M revenue pace

A token that was trading below a dollar not long ago just printed $34.51. Venice AI’s VVV token hit an all-time high on September 21, pushing the project’s market cap to roughly $1.62 billion on the back of surging platform revenues and aggressive token burns. What’s driving the rally The numbers behind the move are concrete. Venice AI’s annualized revenue run-rate surpassed $100 million in September, up from approximately $70 million the prior month. That’s a roughly 43% jump in a single month for a platform that didn’t exist before May 2024. Twenty-four-hour trading volume for VVV exceeded $151 million following the all-time high. Venice has also been pulling supply off the market. The company initiated significant token burns tied to revenue, removing tens of millions of VVV tokens from circulation. With only about 48.4 million of an eventual 81 million total supply currently circulating, the combination of shrinking float and rising demand has created textbook supply-squeeze conditions. On September 18, just three days before the peak, Venice rolled out USDC payment integration. The pitch: AI that forgets you exist Venice AI, founded by crypto veteran Erik Voorhees, operates a ...