Succinct (PROVE)big pump 26% to a new all-time high! The local CEX in South Korea ignited a massive trading volume of $565 million.

The decentralized zk-SNARKs platform Succinct's native Token PROVE skyrocketed by 26% in the past 24 hours, breaking through $1.70 to reach an all-time high. This big pump is attributed to the release of ecological momentum following its Mainnet launch on August 5, as well as the trading frenzy triggered by its listing on a leading exchange in South Korea with the PROVE/KRW trading pair (with a daily volume reaching $565 million). On-chain data shows that currently, 6.8 million PROVE have been staked (accounting for 0.68% of the total supply). Combined with its multi-chain platform boasting over $5 billion in TVL and 5 million proof processing volume, the technical fundamentals support a weekly rise of 89% for the Token.

Big pump: Mainnet launch + exchange effect ignites the market

• Historic Breakthrough: PROVE Token reached an all-time high (ATH) of $1.72 on August 11, 2025, with a 24-hour rise of over 26%.
• Mainnet Catalytic Effect: This round of rise began on August 5th with the launch of the Succinct mainnet, where PROVE once surged to 1.5 USD, but later fell back to 0.96 USD due to profit-taking pressure from airdrops.
• Sector Rotation Boost: Recently, the altcoin market has experienced a general rise (especially Ethereum breaking through $4,300) and the privacy coin sector (such as Monero) has strengthened, jointly driving the ZK concept token PROVE to a new high.

Mainstream CEX in South Korea Ignites Korean Funds: Single Exchange Accounts for 98% of Trading Volume

• Endorsement by Top Exchanges: Several mainstream exchanges have successively launched PROVE trading.
• Korean Power Dominates: As the largest exchange in South Korea, its PROVE/KRW trading pair has ignited the volume. Market data shows that this CEX accounts for $565 million in spot volume, making up over 98% of the total global trading volume for PROVE.
• Liquidity Double-Edged Sword: The highly concentrated distribution of exchanges may exacerbate the risk of price volatility, and one must be vigilant of changes in liquidity in a single market.

Technical Fundamentals: ZK Proof Leading Ecosystem Data Shines

(Source: TradingView)

• Multi-chain infrastructure: The Succinct platform has integrated networks such as Polygon, Celestia, and Avail, processing over 5 million zk-SNARKs.
• TVL Steady Growth: The total locked value (TVL) of the platform has surpassed 4 billion USD, validating the security requirements of its ZK technology in practical applications.
• Stake Economic Model:
• Users can stake PROVE to the Prover nodes to help maintain the security of the Succinct Prover network and earn rewards.
  • Dune on-chain data shows: out of 50 million airdrop tokens, 19.85 million have been claimed, and 31.15 million are pending.
  • Staking Participation Rate: The current staking volume has reached 6.8 million PROVE, accounting for approximately 6.8% of the circulating supply (0.68% of the total supply), reflecting the long-term optimism of early holders.

Risks and Opportunities: Airdrop Release and Functional Utility Game

• Unclaimed Airdrop Cap: Approximately $31.15 million worth of PROVE airdrop is waiting to be claimed, potential selling pressure still needs to be cautious.
• Multidimensional Token Utility: PROVE combines multiple functions such as staking rewards, network governance, and payment for proof services, supporting its intrinsic value logic.
• Weekly Strong Momentum: The token has accumulated a rise of 89% in the past seven days, and the technical indicators maintain an upward trend.

Conclusion: Value Re-evaluation under ZK Technology Narrative and Exchange Effect With the technological milestone of the Succinct Mainnet launch, combined with the surge of traffic in South Korea, PROVE has successfully achieved a historic price breakthrough. A TVL of up to $4 billion and a processing volume of 5 million proofs provide a solid basis for the implementation of its zk-SNARKs technology. However, the extreme trading concentration of 98% in mainstream CEXs in South Korea, along with 31 million tokens awaiting release in the airdrop, pose dual concerns for short-term prices. Whether the upward trend can be sustained will depend on whether the staking participation rate can continue to rise and whether the actual demand for PROVE from ecological applications can absorb the liquidity bubble triggered by exchanges. The long-term value of the ZK proof track ultimately needs to return to the ability of the technology to solve practical problems.