Venice VVV incinerated 21,657 tokens… monthly discretionary incineration valuation at record high
Original headline베니스 VVV 2만1657개 소각…월간 재량 소각 평가액 최대
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Venice burned 21,657 VVV tokens on Base on March 10, valued at approximately $458,000 at the time of the burn, marking its largest monthly discretionary buyback-and-burn by value to date. The tokens were sent in a single transaction to Base's null address, permanently removing them from circulation. According to Bankless, Venice has used a portion of its revenue to purchase VVV monthly since November 2025 and has burned the accumulated tokens each month since December 2025. The burn matters as a recurring, revenue-funded supply reduction mechanism for the VVV token, and the next thing to watch is whether monthly burn values keep climbing alongside Venice's revenue.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Venice, VVV, Base, Bankless