After the mainnet launch on August 5 and listings on Binance, Coinbase, and Upbit, a large number of tokens were received on exchanges for $PROVE . The Binance HODLer airdrop distributed 15 million $PROVE (1.5% of the total supply) among BNB holders, of which tokens worth $19.85 million were claimed by August 11 (CoinMarketCap).
Early recipients likely sold part of their tokens, which created price pressure. The turnover ratio (trading volume to market capitalization) is 0.292, indicating moderate liquidity and amplifying price fluctuations during concentrated sales.#prove #SuccinctLabs @Succinct