Venice Token (VVV) jumps 20% after tokenomics update boosts buy-and-burn program.

Venice Token (VVV), the native token of the Venice AI platform, surged 20.1% from $9.81 to $11.79 on July 17 following key tokenomics updates. The updates include a 5% buy-and-burn from API credit sales and an increased supply target for DIEM, a staked token providing daily AI compute credits. This sparked high trading volume and renewed bullish momentum, with analysts suggesting a potential rise to $21-$25 if the uptrend continues. The token remains structurally strong, supported by Fibonacci retracement levels and positive technical signals if demand increases.