Gate News Bot Message, January 12th, According to CoinMarketCap data, at the time of press, VVV (Venice Token) is currently priced at $3.33, up 21.54% in the past 24 hours, with a high of $3.61 and a low of $1.84. The 24-hour trading volume reached $22.5 million. The current market capitalization is approximately $145 million, an increase of $25.7 million from yesterday.
Recent important news about VVV:
1️⃣ Token Supply Significantly Reduced
Venice has confirmed that starting from February 10th, the annual issuance of VVV tokens will be reduced from 8 million to 6 million, a decrease of 25%. The significant reduction in supply will improve the inflation outlook for the token. Such “supply reduction” mechanisms are generally viewed as positive signals by the market, helping to enhance the token’s scarcity and long-term value support. This policy adjustment was announced about a month before implementation, and the market had already priced in the news, becoming a key driver of this round of price increase.
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