Succinct ($PROVE ) dropped by 5.69% in the last 24 hours to $1.01, which is worse than the overall crypto market (-2.85%). The decline is associated with a volatile period after listing, as well as profit-taking and weak demand for altcoins. Main reasons:

Sales after airdrop – 15 million $PROVE unlocked through Binance HODLer Airdrop

Pressure after listing – profit-taking following appearance on major exchanges (Binance, Coinbase, Upbit)

Weakness of altcoins – Bitcoin's dominance increased to 57.39%, which reduces liquidity for altcoins

The decline of $PROVE is caused by a combination of sales after the airdrop, profit-taking after listing, and overall weakness of altcoins. Despite promising technology (ZK-proof infrastructure), short-term factors and market rotation outweigh the fundamentals.#prove #SuccinctLabs @Succinct