Venice (VVV) is trading near $16 on Tuesday, struggling to extend a remarkable six-month rally that saw the privacy-focused AI token gain roughly 1,500%. The coin is down 10% in the last 24 hours and could extend its decline if the market conditions fail to improve. Recent on-chain metrics indicate that buying momentum is fading, with declining staking activity, reduced token burns, weakening platform revenue, and deteriorating derivatives sentiment all pointing to a potential near-term correction. While the project’s long-term adoption story remains intact, several key indicators suggest demand is cooling after months of aggressive appreciation. Unstaking activity signals rising supply pressure One of the clearest warning signs comes from Venice’s staking data. According to VeniceStats, approximately 1.
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