Venice Token (VVV) rose about 42% in 24 hours to around $25.60 after reaching a record high near $30, making it the best performer among the top 100 cryptocurrencies during the period. Its market capitalization exceeded $1.2 billion, placing it 68th by market value and ahead of Pi Network (PI) and Arbitrum (ARB). The rally followed the Venice AI team’s announcement that it had burned $391,000 worth of VVV, the largest amount sent to a null address so far. Analysts cited bullish momentum above the $23 resistance area and identified potential levels near $27, $29.20 and $35, while warning that the token’s Relative Strength Index above 80 indicates extreme overbought conditions. One analyst said protecting profits may be prudent after a reported 1,600% move. Separately, earlier Binance data showed VVVUSDT perpetual futures at 25.96 USDT, up 40.49% in 24 hours with about $323 million in turnover.