The PROVE token from Succinct Labs, listed on Binance since August 5, 2025, is the native asset of the decentralized ZK prover network, supporting the creation and verification of zero-knowledge proofs (ZKPs) for blockchain applications. With a total supply of 1 billion tokens, 195 million (19.5%) are currently in circulation. PROVE plays a role in payment, staking, and governance within the Succinct ecosystem. The current price is approximately $1.37, up 6.08% in the past 24 hours but down 6.93% over the past week, with a 24-hour trading volume of $368 million, an increase of 74.5%. The market capitalization is $267.6 million, ranking #280 on CoinGecko.
The recent price increase has been driven by the mainnet launch on August 5, listings on major exchanges such as Binance, Coinbase, Upbit, and an airdrop of 15 million tokens to BNB holders. However, the market is highly volatile due to selling pressure from the airdrop and competition in the ZK space. Technical analysis shows support at $0.80-$0.85 and resistance at $1.56. Long-term potential depends on the adoption of ZKPs and cross-chain demand. Investors should exercise caution due to volatility risk and tokenomics with a gradual unlocking schedule.
