Viction (VIC) may a slowrug

Viction (VIC) may a slowrug

Viction (VIC) shows signs of a potential slow rug. The current price surge may be a result of insider-driven manipulation.

Introduction

This analysis from a private source, explores the possibility of Viction (VIC), a layer-1 blockchain previously known as TomoChain, experiencing a slowrug, a scenario where a project is gradually abandoned, leading to a decline in token value and investor confidence. The focus is on market trends, founder history, and transparency issues, with data current as of July 9, 2025. The discussion aims to provide a balanced view, acknowledging both potential risks and ongoing developments.

Project Background and Market Overview

Viction was founded by Long Vuong, Le Ho, and Nguyen Sy Thanh Son, with its roots in TomoChain, launched in 2018. In November 2023, it was acquired by the Ninety Eight Ecosystem (formerly Coin98), rebranded as Viction, and is managed by the Viction Foundation Council, including Thanh Le and Vinh Nguyen, as per Messari.

Recent market data, sourced from CoinMarketCap, Coinbase, and Bitget, shows:

  • Current price: 0.334275 USD
  • 24-hour trading volume: 349,574,047 USD, up 60.33%
  • Market capitalization: 40.66 million USD, ranked #568
  • Total supply: 210 million tokens, with 121.63 million in circulation
  • Yearly performance: Down 56.2%, with a historical high of 3.92 USD (June 9, 2021) and a recent low of 0.1359 USD (June 22, 2025)

This volatility, with a sharp short-term increase but significant yearly decline, suggests potential speculative trading rather than sustainable growth, a common concern in slowrug scenarios.

Possibility of Slowrug and Founder History

A slowrug occurs when a project is gradually neglected, leading to token devaluation. Concerns arise from Long Vuong’s history with previous projects, NEM (XEM) and Symbol, which appear neglected based on social media activity. Analysis of X accounts shows:

  • NEM’s @nemofficial and Symbol’s @thesymbolchain have had no new posts since September 8, 2024, indicating inactivity.
  • @thesymbolchain has only about 5,000 followers, suggesting limited community engagement.

This pattern raises questions about Long Vuong’s commitment to Viction, though his current role is unclear. While Viction shows recent activity, such as partnerships with Polygon CDK and Lumoz (Bitget), and a 5 million VIC ecosystem growth plan (X posts from @altmakanaky, June 24, 2025, and @AltsInfluencer, July 7, 2025), the founder’s past raises red flags.

Transparency and Security Concerns

A critical issue is the lack of publicly available information on smart contract audits. Smart contract audits, conducted by firms like CertiK or Hacken, are essential to ensure security and prevent exploits, especially in DeFi, where over $5 billion has been lost to hacks. Despite extensive web searches for “Viction smart contract audit announcement,” no evidence was found of Viction undergoing such audits, as seen in general audit resources (Chainlink, CertiK). Viction’s documentation (docs.viction.xyz) details development tools like Hardhat and Ethers.js but does not mention audits, increasing risk perception.

Community feedback on X includes accusations of scamming from @acts3gm (July 4, 2025), related to node cancellation, but lacks specific evidence, suggesting mixed sentiment. This lack of transparency, combined with market trends, fuels slowrug concerns.

Support from Ninety Eight Ecosystem and Sustainability

The acquisition by Ninety Eight Ecosystem in November 2023 (Messari) provides potential support, with recent developments like Viction Horizon, Viction Swag, and staking on Viction Wallet (CoinMarketCap, gate.com). However, the sustainability of this support is uncertain, especially given Long Vuong’s history and the project’s market performance. Recent blog posts (blog.viction.xyz, May 2025) highlight integrations and token launches, suggesting active development, but long-term commitment remains unclear.

Community and Market Sentiment

Recent news indicates positive short-term activity, with VIC’s price surging 129% (hokanews.com, July 8, 2025) and a 4,123.20% increase in 24-hour trading volume (CoinGecko), possibly due to speculation. However, the yearly decline and lack of audit transparency suggest underlying issues. Community engagement, such as the Retrodrop program distributing 1,250,000 VIC tokens (blog.viction.xyz, January 5, 2025), shows effort, but the founder’s past and market trends keep concerns alive.

Summary Table of Factors

Factor Details Assessment
Market Activity Price up 60.33% in 24 hours, down 56.2% over the year, volatile trading Positive short-term, long-term concern
Smart Contract Audit No publicly available audit information High risk, increases slowrug likelihood
Long Vuong’s History NEM and Symbol neglected, X accounts inactive since 2024, low follower count Strong sign of potential slowrug
Support from Ninety Eight Acquired in 11/2023, recent developments, but sustainability unclear Potential support, needs monitoring
Community Feedback Mixed, some scam accusations on X, but no concrete evidence Increasing negative sentiment, uncertainty

Conclusion and Recommendations

Based on Long Vuong’s history of neglecting previous projects, the lack of smart contract audit transparency, and market volatility, there is a possibility that Viction (VIC) is experiencing a slowrug, though this is not confirmed. Investors should check Viction’s official website for audit reports and development updates, monitor community feedback on Reddit and Discord, and only invest amounts they can afford to lose, given the crypto market’s high volatility. This analysis, based on data as of July 9, 2025, may require updates as new information emerges.

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *