Crypto Token Goes Brrr: PROVE Shoots Past $1.7, Stakeholders Confused & Rich

by

In the vast, bustling bazaar of cryptoland, where the tulip mania meets digital wizardry and everyone’s hoping their wallet turns into a magic purse, one particularly quirky token has decided to juggle its way up the leaderboard. Yes, Succinct (whose name probably refers to how little you understand about it before you buy it) has seen its native token PROVE do what most coins only dream of – shoot skywards like a caffeinated dragon. 📈🐉

  • PROVE decided to have a caffeine overdose, up 26% in a single day. Doctors recommend less.
  • Its price leapt 89% this week alone, hitting a new record at $1.72 on August 11. Coin collectors now checking under sofa cushions for spare change.
  • Exchange listings and the general crypto hysteria helped shove it upwards. Some call it momentum; others call it FOMO with sprinkles.

So there it was on August 11, 2025, Succinct’s PROVE blinking in disbelief atop $1.72 like a bewildered gnome on a skyscraper. This, after a mainnet launch caused such excitement that it briefly lost consciousness at $1.5 and woke up at $0.96. This was largely thanks to people perfectly executing the sacred crypto ritual known as “dumping their free tokens faster than a hot potato.”

Then altcoins everywhere decided they’d also had enough of gravity. Ethereum (ETH) strutted above $4,300, probably showing off to its altcoin friends, while Succinct joined the parade, latching onto the “privacy is cool again” anthem led by Monero (XMR). Basically, all the coins started to party – but only PROVE brought the zero-knowledge hats. 🎩

Upbit Listing: The Party Just Got Louder

The real star of the show, however, was Upbit – South Korea’s answer to the question “Who can create the most trading volume while eating kimchi?”

The mighty PROVE token now struts around on Coinbase, Binance, Upbit, MEXC, and probably at least one exchange you’ve never heard of. When Upbit launched the PROVE/KRW pair, trading volume exploded like someone had invented a new flavor of bubble tea. $565 million in volume – or roughly the size of the average crypto trader’s hopes and dreams.

Staking PROVE: The Art of Passive Involvement

Succinct’s multi-chain circus has, apparently, processed over 5 million proofs and tucked away $4 billion in total value, sprinkled across names like Polygon, Celestia, Avail, and possibly somewhere between Narnia and Discworld. 🍄

The clever, cunning, possibly sleep-deprived token holders can stake their PROVE to a prover (which sounds suspiciously like something involving Witches and Wizards), thus “securing” the network and earning rewards. The math: Out of 50 million airdropped coins, $19.85 million worth has been snatched (presumably by people who spend more time refreshing Dune Analytics than reading books), with $31.15 million still waiting for someone who isn’t late to the party. So far, 6.8 million tokens have been staked, or roughly 0.68% – the rest are probably hiding under mattresses.

Will this digital proof-thing carry the coin higher? The price charts say “Yes!” – at least until something else shiny turns up. Succinct: 89% up, 0% explanation, with more intrigue than the Patrician’s secret diary. 🤷‍♂️🪙

Read More

2025-08-12 00:28