What’s going on with the Succinct project? Does the token have a chance to recover?
Recently, I’ve seen a lot of opinions about $PROVE going back to $1. For me, it’s possible – but very risky.
Now, looking at Succinct, the project has truly exciting fundamentals. The combination of AI, ZK models, decentralization, and DeFi makes it stand out as a long-term play.
From CoinGecko I found two very promising updates:
1️⃣ Succinct Partners with Tandem for Arbitrum ZK
Succinct teamed up with Offchain Labs’ Tandem to deliver zero-knowledge proving for chains under Arbitrum – strengthening the Arbitrum ecosystem.
2️⃣ Exclusive zkVM Partnership
Succinct and Tandem are now exclusively collaborating on zkVM development, pushing zero-knowledge technology forward.
🚨 But the short-term picture is less optimistic:
On bubblemaps.io, there’s a large cluster holding ~78% of the token supply. That level of concentration means strong potential for price manipulation in the short run.
From my perspective: I’d love to see the price move higher to reduce my current losses, but realistically, short-term risk is very high. Long term, the fundamentals still look strong.
