More than 100 million PROVE tokens are scheduled to enter circulation on August 5, 2025, an event that could test the token's already thin liquidity. The unlock represents 51.3% of the estimated 195 million tokens currently in circulation, according to data from public trackers. The release comes from two allocations: 26.25 million tokens held by investors and 73.75 million from contributors, each representing a quarter of their respective tranches after a one-year lockup.
The scale of the unlock
PROVE's total supply is 1 billion tokens. Of that, 10.5% went to investors and 29.5% to contributors. The August 5 unlock is the first major release from those groups. The remaining tokens are held by the project's treasury, ecosystem fund, and other allocations not detailed in the official terms. The circulating supply before the unlock was roughly 195 million, meaning the new tokens will increase the float by about 51% in a single day.
Thin liquidity and price pressure
Liquidity on major exchanges is shallow. On Binance, the PROVE/USDT order book depth within 2% of the current price shows roughly $102,821 in bids above and $100,419 in asks below. Bybit's depth is even thinner on the buy side, with about $68,422 above and $105,212 below. At a current price of roughly $0.17, the market cap stands at $32.69 million, with 24-hour volume of $3.76 million as of August 2. The largest visible on-chain transfer on Etherscan is about 92,998 PROVE — a fraction of the 100 million unlock. That gap between the scheduled release and actual on-chain movement leaves room for uncertainty about how the tokens will be distributed.
Discrepancies in token tracking
Public data sources don't agree on the current circulating supply. CoinGecko reports 208.33 million PROVE in circulation, while Tokenomics.com puts the figure at 233.332 million. The difference of roughly 25 million tokens has no clear explanation. The official tokenomics only cover investor and contributor tranches, leaving the cause of the mismatch unresolved. That gap could affect how traders interpret the unlock's impact on supply.
The August 5 unlock is a concrete event, but the numbers around it remain fuzzy. Until the project clarifies the circulating supply and the on-chain movement of the unlocked tokens, the market will have to watch the order books closely.
