The Venice AI token (VVV) has emerged as the most discussed cryptocurrency on social media platforms, outpacing interest in Bitcoin, XRP, and Toncoin. This surge in discussions, highlighted by market intelligence firm Santiment, centers on VVV's rapid market capitalization growth, its listing on exchanges, and announcements regarding airdrops.
Founded by Bitcoin advocate Erik Voorhees, Venice AI is a privacy-oriented platform that launched the VVV token on the Ethereum layer-2 Base network on January 27.
The token is engineered to seamlessly integrate blockchain technology with generative AI, capitalizing on the synergy between these fields. Data from DexScreener reveals that VVV attained a fully diluted valuation of $1 billion within just two hours following its launch. On the same day, the platform shared via a post on X that users who buy and stake the token will enjoy complimentary ongoing access to its API, which provides private and uncensored generative text, image, and code capabilities.
The API has been made available to AI agents, developers, and third-party applications, and it supports various AI models including DeepSeek R-1.
The VVV token launch involved a significant airdrop, distributing 50% of the total 100 million token supply. Of this, 25% went to Venice users while another 25% was allocated to AI community protocols such as Virtual, LUNA, and AIXBT. The company highlighted that there was no pre-sale for external investors and no governance mechanism in place. Since its inception in May, Venice AI has garnered over 400,000 registered users and processes 15,000 inference requests hourly.
Santiment also identifies TOSHI, BTC, XRP, SWFTC, and TON as trending tokens. Toshi, a meme coin associated with Coinbase and the Base ecosystem, draws comparisons with Dogecoin (DOGE) and Shiba Inu (SHIB), although the volatility of Toshi is a noted concern. Despite this, sentiment around TOSHI is predominantly positive.
Bitcoin remains a focal point in discussions due to its perceived investment potential and status as a store of value. Current conversations also question market volatility and compare it with other cryptocurrencies like XRP. BTC advocates express concerns over the potential inclusion of other tokens in a proposed national digital assets reserve.
In contrast, discussions about XRP focus on its long-term value and the legal tussle between Ripple and the Securities and Exchange Commission (SEC). Additionally, XRP's role in traditional finance has been spotlighted, especially after securing money transmitter licenses in New York and Texas.
SWFTC is garnering attention due to increasing trades on Coinbase, with discourse largely centering around its recent price movements and prospects for recovery. Meanwhile, TON gains attention due to its integration with Telegram, sparking conversations about forthcoming updates, ecosystem expansion, and airdrop campaigns.