A massive 100 million PROVE tokens unlock today, but razor-thin liquidity reveals a market unprepared for a 51% supply shock
Succinct’s PROVE token reaches the top of its first 12-month vesting lock at present, Aug. 5. Under the Foundation’s phrases, 100 million investor and contributor tokens are scheduled to unlock, a sum equal to 51.3% of CryptoSlate’s estimate of 195 million circulating tokens.
The Succinct Foundation’s tokenomics terms set the PROVE token’s supply at 1 billion tokens and assign 10.5% to traders and 29.5% to contributors. A quarter of every allocation unlocks after one yr. In token phrases, 26.25 million tokens belong to the investor tranche and 73.75 million to contributors.
One date, three totals. Beyond the official tranche, the general public trackers inform totally different tales. CoinGecko’s Tokenomist-powered module displayed 208.33 million models of the PROVE token on Aug. 5, counting 16.67 million for public allocation and incentives, 8.33 million for the inspiration, and 83.33 million for ecosystem, analysis and growth alongside the investor and contributor tokens.
Tokenomics.com arrived at 233.332 million PROVE. Its recipient weights suggest roughly 33.33 million for public traders and 16.67 million for the inspiration, with the remaining elements aligned with CoinGecko’s show on the printed precision. Pairing the closest labels places the roughly 25 million-token hole within the public and basis buckets. The label mismatch leaves the trigger unresolved, and the accessible official phrases cowl solely the investor-and-contributor tranche.
Measured in opposition to CryptoSlate’s 195 million-token circulating determine, the tracker totals attain 106.8% and 119.7%. The comparability reveals the dimensions of every estimate. Any change in reported float nonetheless depends upon tokens transferring.
The CryptoSlate PROVE page confirmed the PROVE token close to $0.17, with a market cap of about $32.69 million and $3.76 million in 24-hour quantity. Its markets part carried an Aug. 2, 18:14 UTC refresh label. At about 06:34 UTC on Aug. 5, CoinGecko listed roughly $102,821 of Binance PROVE/USDT depth inside 2% above the quoted value and $100,419 beneath it. Bybit confirmed about $68,422 above and $105,212 beneath. The numbers sketch two venues at one second. Total market capability and eventual value influence stay open questions.
By 06:41 UTC on Aug. 5, the Etherscan web page for the official PROVE contract confirmed its largest seen switch at about 92,998 PROVE, far beneath the scheduled 100 million-token tranche.
The window covers current seen transfers. Split actions, earlier exercise, inside or custodial credit, and contract-level vesting might sit elsewhere. Public labels left the most important wallets with out named useful homeowners or allocation mappings. The calendar units the date. Wallet flows and reported float will present how a lot reaches the market.
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