PROVE has launched on Coinbase, and now there has been no movement from Han.

The new coin $PROVE is about to go online. Let's see how to estimate the coin price and trading operations?

Background: A decentralized proof network that provides highly available proof generation infrastructure and top-notch pricing for rollups, co-processors, and other applications using zero-knowledge proofs.

Funding: 2 rounds raised 57M, Paradigm led the investment twice.

Business: TVL exceeds 4B, nearly 40 partner users.

Community: X 164K, DC 190K.

Tokenomics: Total supply 1 billion, initial circulation 20%, VC holds 10.5% of the tokens, Team holds 29.5% of the tokens.

Valuation: According to VC comprehensive valuation, approximately $542M, corresponding to a coin price of 0.54.

Conclusion: The ZK track was once highly anticipated, but development has not been smooth. This project is heavily backed by VCs, but its development is not outstanding. Many in the community have criticized the airdrop as very low, and insider trading is undoubtedly present. Overall, the pre-market price is quite high, and the VC has less than 2 times profit, likely to hedge, but it is not recommended to short right at the opening. Such cutting-edge infrastructure may go online on Coinbase and Korean exchanges after TGE, and a surge could be painful for short positions. Moreover, the project team has a lot of tokens, making it easy to control the market; however, if it goes live on TGE day, with all the good news out, one can attempt to short afterward.

Safe short price: 1.5