Venice AI, an AI initiative on Base, has witnessed its native token VVV dramatically reduce gains following a significant spike.
While the initiative navigates accusations of insider trading and has recuperated a portion of the losses, the AI agent initiative iDEGEN aims to expedite its presale. Meanwhile, investors focused on the AI sector have reassessed their positions over the past week as developments surrounding the launch of DeepSeek R1 impacted US tech equities.
Nevertheless, the sentiment in the cryptocurrency market remains predominantly optimistic despite a pullback, with the much-publicized iDEGEN distinguishing itself among potential investment avenues.
Token of AI project Venice plunges 50%
Venice AI (VVV) debuted on major exchange Coinbase as it became operational, with first-day trading support propelling the token’s price to peaks of $22.58. However, it swiftly reversed the gains and is now trading below $10, marking a 56% drop from the high reached on Jan. 28.
VVV retreated amidst allegations of insider trading related to two contributors from Aerodrome Finance.
Nonetheless, despite the allegations, Venice AI appears to have garnered substantial interest and may rebound. The venture aims at establishing critical infrastructure for AI agents, developers, and third-party applications, with its privacy-centric strategy and low costs serving as strong attractions.
As per AI analytics platform Nansen, since its inception, VVV has been “a volume leader on Base and a trending topic among our premium users.”
Currently, VIRTUAL, AIXBT, and AERO are leading while Venice AI seeks a breakthrough.
Is iDEGEN a chance?
While VVV and other AI tokens draw significant interest, the upcoming AI agent iDEGEN continues to dominate in presale. This project might contend with ai16z and others when it launches on exchanges in the forthcoming weeks.
iDEGEN employs a distinctive approach that distinguishes it among leading trending and new AI agent and meme tokens. Its model is straightforward: all training is sourced from crypto degens across X and Telegram, without any restrictions whatsoever. Future upgrades will enable the agent to extend its degen interactions to TikTok and Instagram.
Importantly, as AI agents face challenges from restrictions in training, iDEGEN operates unfettered and is capable of both chaotic and elegant responses.
The latter has landed the agent on X’s prohibition list twice, yet that only fueled interest and led to the presale exceeding the $10 million threshold. In less than a month, the total raised is nearly double as the IDGN token sale exceeds $18.6 million.
Developments spanning AI and the iDEGEN initiative imply that investors may view the broader market decline and the low presale price of IDGN as a favorable opportunity. A key part of this is the plan to launch iDEGEN on DeepSeek.
Here’s a message from the US version:
We’re about to drop iDEGEN on DeepSeek!
AI-off: Our US model versus China 🤝
Both @iDEGEN_AI and @iDEGEN_DeepSeek will utilize the same knowledge base and we will determine which of our sentient AI entities produces the most controversial, degenerate content 👀
The main AI will not…
— iDEGEN UPDATES (@iDEGEN_Updates) January 28, 2025
What is the iDEGEN price?
iDEGEN is presently priced at $0.0161 in presale and is expected to increase to $0.0177 in the subsequent phase. With the countdown to the presale closing on Feb. 26 and the exchange debut on Feb. 27 being less than 30 days away, traders and investors eager to buy at low prices are displaying assertiveness.
As the AI meme token approaches the final presale phase, the IDGN price will be set at $0.038.
This signifies a significant rise from the current pricing and is likely to contribute to the astounding 14,536% return seen since its pre-market launch in late November.
For further information about iDEGEN, visit the official website.
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