VVV crypto hits a fresh new all-time high as Venice executes its biggest token burn to date!

The Venice Token peaked just over $25 before slipping back to about $22.77, but it was still up nearly 24% for the day.

Venice completes its largest VVV burn

Venice said that it had carried out a discretionary burn of about $391,000 at the time of execution, which it has claimed to be its largest burn to date.

Burning removes some of the assets from circulation permanently, but burning does not guarantee a better price, as this depends on the number burnt, the remaining number in circulation, and if buyers are still willing to enter the market.

The amount of VVV that was burnt was not stated in the announcement, and it chose the amount, as…