Venice (VVV) hits record high amid renewed interest in private AI narrative

Venice (VVV) surged nearly 40% in a single day, reaching a record high of over $25. The rally is attributed to a combination of strong fundamentals, including a record $390,000 in token buybacks and burns in September, and a resurgence of the 'Private AI' narrative sparked by allegations of data misappropriation against OpenAI. Analysts suggest that NEAR Protocol (NEAR) may also benefit from this trend, as Venice utilizes NEAR AI Cloud for its decentralized computing and confidential AI services.