Token Trouble: Inside Trading Goes “Veni, Vidi, Vici” 😬

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Token Trouble: Inside Trading Goes “Veni, Vidi, Vici” 😬

Token Trouble: Inside Trading Goes “Veni, Vidi, Vici” 😬

So, you’re telling me that Aerodrome Finance, a platform that specializes in automated market making, couldn’t see a bunch of shady trading going on around the launch of Venice’s VVV token? It’s like they were wearing blindfolds and listening to “The Sound of Music” on repeat! 🤦‍♂️

Apparently, after a mere 30 minutes of this “irregular” trading activity, they got a clue. AERO, the decentralized exchange operating on Coinbase’s Base blockchain (which, let’s be honest, is a bit of a joke, right? 😂), decided to launch a “full-scale” investigation.

Imagine that. They got so busy building their fancy AI system that they forgot to watch out for the little guys, like the sneaky insider traders who were clearly in on the “Veni, Vidi, Vici” scheme. But don’t worry, Aerodrome claims they are committed to “ethical standards,” which means they are probably going to throw a big party for the insider traders and give them free tokens.

A note on the $VVV launch.

Projects often launch tokens on Aerodrome and launches are closely monitored.

The timing of a small percentage of the trading activity around the $VVV launch was flagged by internal monitoring in less than 30 minutes – triggering an internal…

— Aerodrome (@AerodromeFi) January 28, 2025

Within a whopping three hours, the contributors were suspended. Three hours! That’s like, the time it takes to watch a whole season of “Friends.” But Aerodrome reassured everyone by saying that the investigation is “ongoing.”

Venice’s token launch 

Venice, the AI startup backed by the enigmatic Erik Voorhees, launched the VVV token. It’s a brilliant idea, really. They are going to integrate artificial intelligence with blockchain technology. It’s like putting a bunch of monkeys in a spaceship!

Apparently, you can stake VVV tokens to get access to Venice’s API for generating text, images, and code. It’s like having your own personal creative robot! But it’s a little confusing, because they are going to use it to replace traditional pay-per-request systems. So, who are they paying? The monkeys? The robots? It’s all a bit of a mystery.

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2025-01-28 21:13