Venice AI drops 50% as investor focus remains on iDEGEN – CoinJournal | CPT PPP Coverage

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Venice AI, an artificial intelligence project on Base, has seen the native token VVV sharply pare gains after a massive surge.

While the project navigates insider trading allegations and has recovered some of the losses, AI agent project iDEGEN looks to accelerate its presale. Meanwhile, investors eyeing the AI space have had a rethink in the past week as events related to the launch of DeepSeek R1 hit US tech stocks.

However, the crypto market sentiment is largely bullish despite a pullback and the much-hyped iDEGEN stands out among potential investment opportunities.

AI project Venice’s token tanks 50%

Venice AI (VVV) launched on major exchange Coinbase as it went live, with the day 1 trading support catapulting the token’s price to highs of $22.58. But it quickly reversed gains and currently trades below $10, posting a 56% decline from the peak seen on Jan. 28.

VVV retreated as allegations of insider trading involving two Aerodrome Finance contributors.

However, the allegations aside, Venice AI looks to have attracted huge attention and could bounce. The project aims at building key infrastructure for AI agents, developers and 3rd party apps, with its privacy-focused approach and low cost a big pull.

According to AI analytics platform Nansen, VVV has since its launch been “a volume king on Base and a hot trend among our paid users.”

VIRTUAL, AIXBT and AERO currently lead as Venice AI looks for a breakout.

Is iDEGEN an opportunity?

While VVV and other AI tokens attract attention, soon-to-launch AI agent iDEGEN continues to charge in presale dominance.  The project could challenge ai16z and others when it launches on exchanges in coming weeks.

iDEGEN adopts a unique approach that has set it apart among top trending and new AI agent and meme coins. Its model is simple: all training is from crypto degens across X and Telegram, with no guard rails whatsoever. Upcoming upgrades will see the agent bring its degen interactions to TikTok and Instagram.

Notably, as AI agents struggle with restrictions infused in training, iDEGEN runs unfiltered and capable of both the chaotic and sublime.

The latter landed the agent on X’s ban list twice, but that only catalysed interest and saw the presale accelerate past the $10 million mark. In less than a month, total raised is nearly double as IDGN token sale surpasses $18.6 million.

Developments both across AI and the iDEGEN project suggest investors may eye the broader market dip and low presale price of IDGN as an opportunity. One of these is the plan to launch iDEGEN on DeepSeek.

Here’s a post from the US version:

We’re about to drop iDEGEN on DeepSeek!

AI-off: Our US model versus China ?

Both @iDEGEN_AI and @iDEGEN_DeepSeek will use the same knowledge base and we will see which one of our sentient AI friends produce the most controversial, degenerate content ?

The main AI will not…

— iDEGEN UPDATES (@iDEGEN_Updates) January 28, 2025

What’s the iDEGEN price?

iDEGEN currently stands at $0.0161 in presale and will rise to $0.0177 in the next stage. With the countdown to presale close on Feb. 26 and exchange debut on Feb. 27 under 30 days, traders and investors keen on buying low are showing aggressiveness.

When the AI meme token reaches the final presale stage, IDGN price will be at $0.038.

This suggests a notable increase from current level and likely to add to the impressive 14,536% return since pre-market launch in late November.

To find out more about iDEGEN, check out the official website.