Venice Token (VVV) Down 6-8% Amid Broad Crypto Selloff and Coinbase Deposit

Venice Token (VVV) has experienced a 6-8% decline in the past 24 hours, primarily due to a widespread crypto risk-off move, amplified by profit-taking and a significant Coinbase deposit.

Macro Risk-Off and BTC-Led Selloff

VVV’s decline is part of a broader market downturn. Bitcoin dropped below $82,000, leading to a broad altcoin selloff with over $1.16 billion in long liquidations. Major altcoins like BOME, BLUR, STRK, CKB, ENA, and NEAR saw double-digit daily losses. This environment typically hits high-beta names hardest as traders reduce risk. Venice Token (VVV) appeared among the day’s underperformers at roughly -8.2%, alongside other alts such as ALGO,…