Succinct ($PROVE ) Onchain Analysis
Succinct (PROVE) is a decentralized network that supports the easy and secure creation of zero-knowledge proofs (ZKP).
Blockchain security is increasingly important, especially thanks to the development of Zcash (ZEC) and ZKP technology. This trend has helped Succinct attract community attention.
PROVE currently has a market capitalization of $75.6 million, with its price having dropped by over 77% since listing on Binance and Coinbase.
In recent months, data from Nansen shows that whale wallets have accumulated an additional 5.34% of tokens, while exchange reserves have decreased by 1.24%. Notably, the rate of PROVE's price decline has also slowed down.
This slower price decline, combined with whale accumulation, has raised expectations for a potential recovery of the token in the near future.
