TL;DR
- Aerodrome Finance suspended two contributors over alleged insider trading during the launch of Venice’s VVV token.
- The platform detected suspicious activity within the first 30 minutes of the launch and acted quickly, earning praise from the community.
- The launch of the VVV token, focused on AI agents, has been a success, attracting 400,000 users and capturing 18.32% of the market attention in just 24 hours.
Aerodrome Finance took immediate action to address a case of alleged insider trading that occurred during the launch of Venice’s VVV token.
In response to suspicious activity detected within the first 30 minutes of the launch, the platform suspended two of its contributors. This measure was well-received by the community, which highlighted the speed and transparency with which Aerodrome handled the situation.
A note on the $VVV launch.
Projects often launch tokens on Aerodrome and launches are closely monitored.
The timing of a small percentage of the trading activity around the $VVV launch was flagged by internal monitoring in less than 30 minutes – triggering an internal…
— Aerodrome (@AerodromeFi) January 28, 2025
The detection of the irregular trades was made possible by an internal monitoring system, allowing the platform to react effectively. Less than three hours after the investigation started, those responsible for the suspicious activity were suspended, showing a strong commitment to market integrity.
Aerodrome Was Highly Praised for Its Quick Response
Venice’s founder, Erik Voorhees, expressed his support for Aerodrome’s transparency, ensuring that his team was immediately notified when the issue was detected. Many users also praised the quick response and the platform’s ability to act decisively in protecting the interests of investors.
A Resounding Success for Venice
On the other hand, the launch of the VVV token, which took place on January 27th on the Base network, is focused on improving economic interactions for AI agents. This token allows agents to access computational resources without having to pay for each request, a novel model that deviates from traditional pay-per-use approaches. In fact, 25% of the initial VVV supply was allocated to AI protocol accounts within the Base blockchain.
Since its launch in May 2024, Venice has attracted 400,000 registered users, and in the first 24 hours of the VVV launch, the platform captured 18.32% of the market attention, surpassing 21,000 accounts that acquired the token.
Despite internal conflicts, Aerodrome continues to be one of the most important platforms within the Base network, with a total value locked of over $1 billion.
