Venice AI drops 50% as investor focus stays on iDEGEN

Venice AI, a man-made intelligence venture on Base, has seen the native token VVV sharply pare features after an enormous surge.

Whereas the venture navigates insider buying and selling allegations and has recovered a few of the losses, AI agent venture iDEGEN seems to be to speed up its presale. In the meantime, traders eyeing the AI house have had a rethink prior to now week as occasions associated to the launch of DeepSeek R1 hit US tech shares.

Nonetheless, the crypto market sentiment is essentially bullish regardless of a pullback and the much-hyped iDEGEN stands out amongst potential funding alternatives.

AI venture Venice’s token tanks 50%

Venice AI (VVV) launched on main trade Coinbase because it went dwell, with the day 1 buying and selling help catapulting the token’s worth to highs of $22.58. But it surely shortly reversed features and at the moment trades under $10, posting a 56% decline from the height seen on Jan. 28.

VVV retreated as allegations of insider buying and selling involving two Aerodrome Finance contributors.

Nonetheless, the allegations apart, Venice AI seems to be to have attracted enormous consideration and will bounce. The venture goals at constructing key infrastructure for AI brokers, builders and third get together apps, with its privacy-focused strategy and low price a giant pull.

Based on AI analytics platform Nansen, VVV has since its launch been “a quantity king on Base and a scorching pattern amongst our paid customers.”

VIRTUAL, AIXBT and AERO at the moment lead as Venice AI seems to be for a breakout.

Is iDEGEN a chance?

Whereas VVV and different AI tokens entice consideration, soon-to-launch AI agent iDEGEN continues to cost in presale dominance.  The venture may problem ai16z and others when it launches on exchanges in coming weeks.

iDEGEN adopts a singular strategy that has set it aside amongst high trending and new AI agent and meme cash. Its mannequin is straightforward: all coaching is from crypto degens throughout X and Telegram, with no guard rails in any way. Upcoming upgrades will see the agent deliver its degen interactions to TikTok and Instagram.

Notably, as AI brokers wrestle with restrictions infused in coaching, iDEGEN runs unfiltered and able to each the chaotic and elegant.

The latter landed the agent on X’s ban checklist twice, however that solely catalysed curiosity and noticed the presale speed up previous the $10 million mark. In lower than a month, complete raised is sort of double as IDGN token sale surpasses $18.6 million.

Developments each throughout AI and the iDEGEN venture counsel traders could eye the broader market dip and low presale worth of IDGN as a chance. One in every of these is the plan to launch iDEGEN on DeepSeek.

Right here’s a publish from the US model:

We’re about to drop iDEGEN on DeepSeek!

AI-off: Our US mannequin versus China 🤝

Each @iDEGEN_AI and @iDEGEN_DeepSeek will use the identical data base and we’ll see which considered one of our sentient AI associates produce essentially the most controversial, degenerate content material 👀

The principle AI won’t…

— iDEGEN UPDATES (@iDEGEN_Updates) January 28, 2025

What’s the iDEGEN worth?

iDEGEN at the moment stands at $0.0161 in presale and can rise to $0.0177 within the subsequent stage. With the countdown to presale shut on Feb. 26 and trade debut on Feb. 27 below 30 days, merchants and traders eager on shopping for low are displaying aggressiveness.

When the AI meme token reaches the ultimate presale stage, IDGN worth will likely be at $0.038.

This means a notable improve from present degree and certain so as to add to the spectacular 14,536% return since pre-market launch in late November.

To seek out out extra about iDEGEN, take a look at the official web site.