News linked to both this project and an event.
according to on-chain analyst Ai Yi's monitoring, between August 18 and September 4, a certain address appears to have taken profit on 81,250 VVV, with an estimated gain of $588,000. The address had chased the rally by buying 181,250 VVV at an average price of $16.69, with an average withdrawal price of $16.69; 9 hours ago, the address deposited 44.8% of its holdings to Coinbase, while the remaining holdings still have unrealized gains of $747,000, bringing the total profit to $1.335 million.
Odaily Odaily News: Hyperbot data shows that trader Based16z has just closed a long position of 7,650 VVV tokens, worth approximately $200,000, and still holds 83,290 VVV tokens in long positions, worth approximately $2.2 million. Data shows that the trader has realized and floating profits totaling over $600,000 in less than 24 hours.
Odaily News: According to Lookonchain monitoring, a whale purchased 102,200 VVV at $7.87 six months ago. After the price rose today, the whale sold 92,200 VVV at $25.75, earning $2.37 million. The whale still holds 10,000 VVV worth $259,500, having realized a profit of $1.83 million.Over the past three months, the whale also spent $11.3 million to buy 4.74 million LIT at an average price of $2.39, which is currently worth $24.4 million, representing a paper profit of $13.1 million. The whale has made a total profit of $14.93 million from VVV and LIT.
Odaily News According to on-chain analyst Ai Yi's monitoring, a new address purchased 181,300 VVV tokens at an average price of $16.69 between August 18 and September 4, during VVV's price rally, for a total value of $3.025 million. It currently shows an unrealized profit of $2.002 million.
Odaily News DeFi researcher Ignas posted on X: "After David Hoffman (Bankless founder) sold his ETH, he reallocated his portfolio into some of the best-performing tokens, such as LIT and ZEC. NEAR also performed well, and only VVV underperformed the broader market. Although the market was full of fear, uncertainty, and doubt (FUD) at the time, and it was also very close to the ETH bottom, the goal of aggressive crypto investors has always been to outperform BTC and ETH. Well done, David."Previously reported, Bankless co-founder David Hoffman announced in June this year that he had sold all his ETH and bought VVV, NEAR, ZEC, HYPE, and LIT.
According to on-chain analyst Onchain Lens (@OnchainLens), ShapeShift founder Erik Voorhees staked 341,690 VVV to Venice (@AskVenice), worth approximately $3.98 million. This staking operation occurred approximately 9 hours after he claimed 3,630 VVV (approximately $42,300) in staking rewards.
Venice AI founder Erik Voorhees stated on the X platform that to complete the $65 million Series A financing round, Venice chose to sell equity rather than directly sell VVV. Despite VVV's price increasing over 700% this year, Venice has not sold any tokens and currently holds over 30 million VVV, representing more than 37.5% of the total supply of 80 million tokens.Investors in this round received 8.98% equity, a vesting grant of 1.5 million VVV, and warrants to purchase 5 million VVV over the next 8 years. If all warrants are exercised, Venice's total financing will increase to $131.5 million. The relevant tokens are locked for 1 year and then unlock linearly over 3 years, with an expected average daily new circulation of less than 6,000 tokens. Venice stated that it will continue to maintain its tokenomics model of repurchasing and burning VVV with revenue.
Odaily Odaily News: Bankless co-founder David Hoffman responded to investors by disclosing his entry costs for four major tokens: NEAR, HYPE, ZEC, and LIT. Among them, the entry price for NEAR was approximately $1.40, HYPE around $45, ZEC about $560, and LIT approximately $1.35. According to previous reports, after liquidating his ETH holdings, the founder split the capital allocation, deploying 50% of the principal into VVV, NEAR, ZEC, and HYPE. The remaining 50% was kept for periodic dollar-cost averaging, with the subsequent funds fully used to purchase LIT.
Bankless co-founder David Hoffman posted on platform X, stating that after selling his ETH, he immediately allocated approximately 50% of the capital to VVV, NEAR, ZEC, and HYPE, and used the remaining funds for dollar-cost averaging into projects that have not yet seen significant price increases (NEAR was priced at around $1.40 at the time). He added that the remaining 50% of the capital has completed its position building in LIT.
According to Onchain Lens monitoring, whale Loracle has closed its short positions in BTC, LIT, TON, and VVV. The HYPE short position is still being closed, with a remaining 1.518 million HYPE short position, approximately $105 million, resulting in losses exceeding $36 million. Loracle has newly opened a 10x long position in ZEC, as well as 5x long positions in ASTER and TON, and its holdings are continuing to increase.
According to on-chain analyst Onchain Lens (@OnchainLens), Loracle (@loraclexyz) has opened a new 3x short position on VVV, which is currently its only profitable position. It also holds long positions in HYPE, BTC, LIT, XYZ100, and TSLA, as well as a smaller short position in TON, with a total value of approximately $141 million and unrealized losses exceeding $30 million.
According to HyperInsight monitoring, Loracle—the largest short position holder for HYPE—placed a $75 million short order at $64 this morning. Additionally, it opened a new short position on VVV earlier today. As of press time, Loracle’s total short position value stands at $143 million. Its largest short position is 1,805,507.53 HYPE tokens, with a liquidation price of $89.
South Korean trader Definalist stated on social media that Upbit’s recent listings of WIF and VVV may involve front-running behavior. He claimed that multiple addresses funded by Upbit’s hot wallet purchased WIF prior to its listing on Upbit and rapidly sold their holdings shortly after the listing. A similar pattern was observed with VVV. Additionally, he revealed that Upbit has recently been intensively testing the STABLE token, and suspected front-running wallets also engaged in purchases of this token.
According to on-chain analyst Ai Aunt (@ai9684xtpa), the whale address 0xead…E9D55—originally active in 2017—currently holds 42 altcoin positions on Hyperliquid, of which 40 are long positions and only VVV and MON are short positions. The total position value is $49.6 million, with a floating loss of $6.22 million. This address’s cumulative trading losses on Hyperliquid have reached $14.94 million.