Venice Protocol is accused by the community of insiders dumping $10.2 million worth of tokens after their release

According to Bitcoin.com, the Venice Protocol project team has been accused by the community of dumping tokens worth $10.2 million after their release. It is alleged that the Venice team immediately sold off $VVV tokens after launch, causing a 63% drop in token price within less than two weeks. In addition, market maker Wintermute was accused of dumping tokens before they were listed on any centralized exchanges. In response to these allegations, the project team stated that token economics had been disclosed in advance and all transactions were conducted on-chain.