2/
Token economics and incentive activities
The PROVE token launched by Succinct has a total supply of 1 billion, with a current circulation of about 195 million (19.5%), a circulating market cap of about $199 million, and an FDV of $1.02 billion.
Recently, the project team launched a PROVE incentive program with a total of $100,000, distributing rewards through content creation and community contributions:
Top 300 creators share 70%
All eligible participants share 20%
Square Leaderboard Top 100 shares an additional 10%
The Binance Square event not only increased exposure but also helped Succinct quickly form community consensus, enhancing token liquidity, which is crucial for a project like Succinct with a strong background.
Market trend: price enters a stable range
From the price curve, PROVE peaked in mid-August and then gradually retreated, currently stabilizing around $1.0.
Short-term support level: approximately $0.9
Key resistance level: approximately $1.2-$1.3
Trading volume: approximately $54.78 million in 24 hours, accounting for 27% of the market cap, indicating good liquidity.
The current price range indicates that the market is digesting previous profit-taking and unlocking pressure, entering a relatively stable state.