Another heavyweight protocol Succinct (PROVE) will be launched on August 6 at 01:00 (UTC+8). Let's see how to estimate the coin price and trading operations?

Background: A decentralized prover network that provides highly available proof generation infrastructure and top-notch pricing for rollups, co-processors, and other applications using zero-knowledge proofs.
Financing: 2 rounds raised $57M, Paradigm led twice.
Business: TVL exceeds $4B, nearly 40 partner users
Community: X 164K, DC 190K
Tokenomics: Total supply 1 billion, initial circulation 20%, VC holds 10.5% of the coin, Team holds 29.5% of the coin.
Valuation: 1) According to VC's comprehensive valuation, approximately $542M, corresponding to the coin price of $0.54.
2) MEXC pre-market $1.25, Gate pre-market $1.299, approximately FDV $1.25B-$1.3B
3) Comparison of FDV in the same track
zkSync $1.1B
StarkNet $1.2B
Sophon $410M
Lagrange $330M
MANTA $210M
Taiko $440M
Polyhedra $150M
Conclusion: ZK Syde was once highly anticipated, but its development has not been smooth. This project has significant VC backing, but its development is not outstanding. Many in the community have complained about the low airdrop, and insider trading is undoubtedly an issue.
Overall, the pre-market price is quite high, and the VC is less than 2 times the profit, so it's very likely that they will hedge, but it's not recommended to short right at the opening. This kind of cutting-edge infrastructure may list on Coinbase and South Korea after the TGE, and a surge could be very painful for short positions. Of course, if it gets listed on the same day as the TGE, the favorable conditions may run out, and then it might be possible to attempt a short.
Safe short price $1.5
Due to some information not being disclosed, analysis cannot be conducted at this time. If there are updates later in this article, they will be followed up in the comments section.