XRP News Today: PROVE Surges Over 43% After Major Listings on Upbit and Bithumb

On August 6, South Korea’s largest cryptocurrency exchange, Upbit, listed Succint (PROVE), marking a significant step for the Ethereum-based token in the Korean crypto market. The listing introduced trading pairs for PROVE/KRW, PROVE/BTC, and PROVE/USDT, making it accessible to a wide range of investors on one of the country’s most prominent trading platforms [1]. Bithumb, another major local exchange, also announced its own listing of PROVE, offering a KRW trading pair [2]. The dual listing on Upbit and Bithumb underscored the growing institutional interest in PROVE, as well as the broader momentum in altcoin listings in the region [1].

Succint, which launched its mainnet on August 5, is a protocol designed to simplify the generation and verification of zero-knowledge proofs through its general-purpose zkVM [3]. The platform aims to integrate cryptographic verifiability as a standard feature in blockchain and Web3 infrastructure, enhancing scalability, security, and trust minimization. This technological focus positions PROVE as a potential enabler of next-generation blockchain applications, particularly as the ZK (Zero-Knowledge) space continues to gain traction [3].

The listing news triggered an immediate price response. Prior to the announcements, PROVE was trading at $1.03 with a market cap exceeding $201 million. Following Upbit’s listing, the token saw a sharp surge, reaching $1.35 and a market cap over $265 million within a short time frame [1]. As of the latest data, PROVE is trading at $1.30 with a market cap of over $253 million, reflecting a more than 43% gain in the past 24 hours [1]. The price movement aligns with patterns observed in the Korean market, where major listings often lead to increased liquidity and price volatility [2].

The timing of the listing also coincided with Binance’s own announcement on August 5, which revealed PROVE as its 31st airdrop project under the HODLer Airdrops portal. Binance launched trading for PROVE/USDT, PROVE/USDC, PROVE/BNB, PROVE/FDUSD, and PROVE/TRY pairs, with the token labeled under the Seed Tag, suggesting higher volatility potential [1]. This multi-exchange rollout further expanded PROVE’s accessibility and exposure, particularly among global traders.

Despite the rapid price rise and strong market reactions, no formal analyst forecasts have been cited for PROVE’s future performance. The project’s success now hinges on sustained on-chain activity, continued adoption, and broader recognition in both the developer and investor communities [1]. With Binance and Upbit—two of the world's largest exchanges—now offering PROVE, the token appears to be gaining momentum as a high-growth altcoin [2].

The Succint team has also outlined plans to integrate with Alpen Labs, aiming to build a ZK-secured Bitcoin financial system. This includes enabling lending, earning, and stablecoin usage backed by Succint’s Prover Network. These developments suggest the project is aiming to expand beyond its initial use case and into the broader DeFi and cross-chain infrastructure spaces [3].

The dual listing on major Korean exchanges, combined with global listings on Binance, highlights the growing confidence in Succint’s technology and market potential. Whether this momentum continues will depend largely on how effectively the project can maintain user engagement and drive further innovation in the ZK space [1].

Source: [1] Morning Release from South Korea! A New Altcoin Listed ... (https://en.bitcoinsistemi.com/morning-release-from-south-korea-a-new-altcoin-listed-its-price-spiked/)

[2] XRP News Today: South Korea Altcoins Surge on Upbit ... (https://www.ainvest.com/news/xrp-news-today-south-korea-altcoins-surge-upbit-bithumb-listings-xrp-hits-3-03-legal-hopes-2508/)

[3] New Coin Listing - X (https://x.com/NewCoinListings/status/1952948807827853583)