【Succinct ( $PROVE ) One Week Review Analysis｜Data, Unlocking, Airdrop】
Succinct ($PROVE) has demonstrated strong technical performance and market volatility within the first week of its mainnet launch. The token price surged from $0.615 to $1.52 (147% volatility), generating over 5 million zero-knowledge proofs and integrating with over 35 protocols to secure over $4 billion in value. Although the technical adoption has been rapid, the distribution of 15 million tokens in the airdrop has sparked significant controversy in the community.
1️⃣ Price Trend in One Week
Extremely High Volatility: 147% price fluctuation ($0.615-$1.52), far exceeding other newly launched tokens during the same period
Huge Trading Interest: Peak daily trading volume of $1.15 billion, 30 times higher than LayerZero ($ZRO)'s $19-35M
Mainstream Exchange Support: Launched simultaneously on Binance and Coinbase, providing ample liquidity
2️⃣ Airdrop Distribution and Community Reaction
-Airdrop Mechanism Details
Distribution Target Quantity Percentage of Total Supply Value (Calculated at $1.50)
BNB Holders 15 million PROVE 1.5% ~$22.5 million
Binance Alpha Users Additional 100 PROVE - Acquired by burning Alpha points
Distribution Condition: Users holding BNB in Binance Simple Earn or on-chain yield products from July 9-12.
-Community Sentiment Analysis
Sentiment analysis based on 250+ Twitter replies and retweets:
Sentiment Type Percentage Main Reaction
Positive 45% Profit celebration, support for Binance ecosystem
Negative 35% Testnet users feel rewards are unfair, controversy over distribution criteria
Neutral 20% Information sharing, anti-fraud reminders
Key Controversy Point: Early contributors on the testnet feel the reward distribution is unfair, favoring Binance users over the technical community.
3️⃣ Network Staking Situation
Total Staked Amount: Approximately 5 million PROVE participating in network staking to ensure decentralized operation.
4️⃣ Ecosystem Scale
Number of Partner Protocols: Over 35 integrated protocols
Secured Value: Over $4 billion total value locked (TVL)
Coverage Areas: DeFi, L2, Cross-chain Bridges, Data Availability Layer
Actual Deployment: Most partners have entered production or advanced testing phases
Succinct ($PROVE) has achieved a dual breakthrough in technology and market within the first week of its mainnet launch. Despite the intense token price fluctuations and controversies over airdrop distribution, its outstanding performance in the zero-knowledge proof network, extensive protocol integration, and rapid ecosystem adoption indicate a strong technical foundation and market demand.