On August 6, Upbit announced the listing of the digital asset PROVE, which significantly impacted its price.
PROVE Listing Announcement by Upbit
On August 6, Upbit announced the listing of PROVE at 15:00 KST, opening trading for the following pairs:
* PROVE/KRW * PROVE/BTC * PROVE/USDT
Bithumb also announced the listing of a PROVE/KRW trading pair.
Price Surge of PROVE after Announcement
Before Upbit's announcement, PROVE was trading at $1.03 with a market cap of over $201 million. Following the announcement, the price surged by over 33%, reaching $1.35 with a market cap exceeding $265 million. At the time of writing, PROVE is trading at $1.30 and has a market cap of over $253 million, reflecting an increase of over 43% in the past 24 hours.
Launch of Succint (PROVE) Mainnet
The team announced that the mainnet went live on August 5, stating that they are on the verge of a ZK revolution, with the launch of the Succint Prover Network marking just the beginning. The team is also collaborating with Alpen Labs to build Bitcoin's financial system, allowing users to lend, earn, and use stablecoins secured by ZK proofs from the Succint Prover Network.
The listing of PROVE on Upbit is a key event that has significantly affected the token’s price and market cap. The mainnet launch opens new possibilities for the project.
