# Venice Sets Discretionary Burn Record With 21,657 Venice Tokens By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/53362 Published: 2026-11-10T22:21:49.000Z Updated: 2026-11-10T22:21:49.000Z Section: Investing > The tokens were valued at about $458,000, roughly 10% above October’s $414,000 burn. Venice retired 21,657 Venice Token (VVV) on Base on Nov. 9, setting its largest discretionary burn to date, with the tokens valued at about $458,000. Venice directs part of its free cash flow to VVV purchases during the month, then retires the accumulated tokens in a single transaction. The latest burn was about 10% larger than October’s $414,000 burn. VVV’s circulating supply was about 48.9 million, making the burn roughly 0.04% of circulating supply. Venice mints 2 million VVV a year for stakers under its [emissions schedule](), which set that rate beginning Oct. 1. That is about 167,000 tokens per month; the Nov. 9 burn equaled roughly one-eighth of monthly issuance. ## Links in this article - [emissions schedule](https://www.tokenpost.com/news/investing/33443)