$PROVE There was a huge sell pressure on 1.05$ price but now | AshCash19 on Binance Square

Trending Articles

Bookmarked and Liked

--

$PROVE There was a huge sell pressure on 1.05$ price but now it's gone 👀
can we see 1.2$ today?
#prove #TrendingTopic #breakouts 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

PROVE

1.1487

-7.33%

262

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@Square-Creator-29ec285be11cd

Explore More From Creator

Wow this was so big won 😂😂😂 who agrees with me 🤭

--

@Succinct $PROVE fell 10.18% in 24h, underperforming the broader crypto market (+2.54% market cap). While still up 16.46% weekly, today’s drop reflects profit-taking after major exchange listings and airdrop selling. Airdrop Selling Pressure – 15M PROVE unlocked via Binance’s HODLer Airdrop triggered sell-offs. Post-Listing Profit-Taking – Investors cashed gains after PROVE surged 89% post-mainnet launch. Altcoin Weakness – Bitcoin’s dominance rose to 58.52%, diverting liquidity from alts. Deep Dive 1. Airdrop Selling (Bearish Impact) Overview: Binance distributed 15 million PROVE tokens (1.5% of supply) to $BNB stakers on August 5. Claimants began selling post-unlock, adding downward pressure. What this means: Airdrop recipients often sell tokens immediately to lock in gains, especially after rapid price appreciation (PROVE rose 89% post-listing). This creates temporary oversupply, amplified by PROVE’s low liquidity (turnover ratio 1.83) What to look out for: Unclaimed airdrop tokens (31.15M PROVE remaining) could prolong selling pressure if claimed 2. Post-Listing Profit-Taking (Mixed Impact) Overview: PROVE surged to $1.72 (+26% on August 11) after listings on Coinbase, Binance, and Upbit. Short-term traders exited positions, driving the price to $1.43 What this means: High volatility is common after exchange debuts. Upbit’s PROVE/KRW pair initially spiked volume to $565M but dropped 35% in 24h, signaling reduced momentum. What to look out for: A reclaim of the $1.55 pivot point could signal renewed bullish momentum. 3. Altcoin Weakness (Bearish Impact) overview: Bitcoin’s dominance rose to 58.52% (+0.6% in 24h), pressuring altcoins. PROVE’s decline outpaced the crypto market’s 0.8% dip. Conclusion PROVE’s dip stems from a trifecta of airdrop sell-offs, profit-taking after parabolic gains, and sector-wide altcoin weakness. While its zero-knowledge proof utility and $4B secured TVL support long-term prospects, short-term risks persist. Key watch: Can PROVE stabilize above its 7-day SMA ($1.30) to avoid a deeper correction?

--

Do you think $PROVE can reach 500$ after in 2030 or it's not possible? $BNB now above 800$ but if you see the price in 2020 you can see it downed and touches 6$ before it up again and go to 20-30$ so for you where do you see $PROVE price after 5 years from now

--

#DeFiGetsGraded Benefits of grading DeFi projects: - Increased transparency: Grades offer a standardized way to assess DeFi projects, promoting greater transparency for investors. - Improved risk assessment: By evaluating various factors, these systems provide a more comprehensive view of the risks associated with DeFi investments. - Enhanced investor confidence: Standardized ratings can help build trust in the DeFi ecosystem, potentially attracting a broader range of investors, including institutions. - Facilitating due diligence: Grading systems provide valuable resources and frameworks to assist investors in conducting thorough due diligence before engaging with DeFi protocols.

--

Explore my portfolio mix. Follow to see how I invest! for now I'm all in $PROVE and made a stake for 200% APY share your thoughts with me 😁

--

Latest News

Bitcoin News: Why Bitcoin Crash to $112K Could Be the Next Key Level?

--

Altcoin News: Google Search Interest for ‘Alt Season’ Plunges Over 50% in a Week

--

Zero-Knowledge Proofs: Balancing Privacy and Law Enforcement in Cryptocurrency

--

Morgan Stanley CIO Predicts New Bull Market Phase

--

Bitcoin Price Movements Could Trigger Significant Liquidations on Major Exchanges

--

Trending Articles

⚡️ LINK: History Repeats? ⚡️ 🎢 2021: $11.52 (low) → $52.76

Insightful Blocks

The “Stupidly Simple” Crypto Trading Method That Can Change

🚨 ETH at $4065 – Key Zone in Play 🚨

🚨 P2P Trading? Ignore These 4 Rules and You’re Guaranteed to Get Scammed

How I Made $30,000 Profit in One Day Using the Power of Three (PO3) Strategy 💰🔥

Cookie Preferences

Cookie Preferences