100M PROVE Tokens Unlock; Thin Order Books Expose Market

Succinct Foundation’s one-year cliff for investor and contributor allocations released 100 million PROVE tokens on Aug. 5, 2026. The token’s published supply is 1 billion, with 10.5% allocated to investors and 29.5% to contributors. A quarter of each allocation was scheduled to vest after 12 months, equal to 26.25 million tokens from investors and 73.75 million from contributors, for a combined 100 million-token release.

Public trackers reported divergent circulating-supply figures on the release date: one displayed about 208.33 million PROVE, another showed 233.332 million, and an independent estimate placed circulating supply near 195 million. The accessible official terms cover only the investor and contributor tranche; other reported buckets and the cause of the supply differences were not mapped to official allocation wallets.

On-chain records around the scheduled unlock did not show a single transfer matching the full 100 million tranche. The largest visible transfer in recent on-chain activity was about 92,998 PROVE, far below the tranche total. Public address labels in on-chain records did not identify named beneficiaries or link visible wallets to the published allocation categories, leaving the immediate market release amount unclear.

Exchange order-book snapshots showed limited depth near the quoted price. Around 06:34 UTC on Aug. 5, one venue displayed roughly $102,821 of buy-side depth and $100,419 of sell-side depth within 2% of the quoted price, while another venue showed about $68,422 above and $105,212 below. Market price at the time was near $0.17, with a market capitalization in the low-$30 million range and reported 24-hour volumes between roughly $3.8 million and $6.8 million across platforms.

Subsequent wallet transfers and updated circulating-supply figures will determine how much of the unlocked tranche reaches tradable markets. Tokens can move through custodial accounts, be split across addresses, or remain under contract-level vesting; the routing of those tokens affects how much enters exchanges or liquidity pools.

Before the scheduled unlock, the token had declined in recent periods and ranked around 483 by market capitalization. The Foundation’s published schedule set the unlock date; observed transfers and exchange liquidity will show the actual change in tradable float and market availability.