Venice Protocol accused by community of insider selling $10.2 million in tokens after token launch

02/06 07:56

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the Venice Protocol project has been accused by the community of selling $10.2 million worth of tokens after their release. It is reported that the Venice team immediately sold the $VVV tokens after their release, causing the token price to drop by 63% in less than two weeks. In addition, market maker Wintermute has been accused of selling tokens before they were listed on any centralized exchange. Regarding these accusations, the project team responded that the token economics had been disclosed in advance and all transactions were conducted on-chain.

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