CreatorPad August 19
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$PROVE #PROVE暴涨 #prove #SuccinctLabs
Succinct ($PROVE ) has fallen by 2.11% to $1.21 in the last 24 hours, continuing a weekly decline of 20.95%. Main reasons:
Volatility after listing – profit-taking after being added to major exchanges (Binance, Coinbase, Upbit)
Pressure from airdrop sales – unlocking of 15 million tokens through HODLer Airdrop on Binance August 5
Weakness of altcoins – Bitcoin's dominance has risen to 58.92%, pulling capital away from smaller coins
PROVE rose by 150% to $1.52 on August 6 after being listed on Binance, Coinbase, and Upbit (CoinMarketCap). However, the price then fell by 20% due to profit-taking by early investors.
What this means: Listing on exchanges usually causes short-term hype, followed by sell-offs as traders move profits into stablecoins or Bitcoin. The trading volume of PROVE in the last 24 hours remains high – $612 million (turnover ratio 2.6x), indicating ongoing speculative activity.
