$PROM As of February 16, 2026, Prom (PROM)—the native token of the modular zkEVM Layer 2 network—is showing signs of life after a brutal start to the year. Following a massive 80% sell-off in January, the token is currently attempting a technical recovery.
1. Market Performance & Health
Current Price: Approximately $1.32 – $1.35.
Recent Momentum: PROM has surged +21.5% in the last 24 hours. This move is largely viewed as a "relief rally" from extreme oversold conditions (the 7-day RSI hit a low of ~10 last month).
Market Cap: Roughly $24 Million – $25 Million.
Volume: 24-hour volume has spiked to $10.5 Million, a significant increase that suggests buyers are stepping in to "buy the dip," though much of this is driven by algorithmic short-covering.
2. The 2026 "Modular Layer 2" Narrative
Prometeus is positioning itself as a key player in the interoperable ZK-rollup space, but it faces stiff competition:
Ecosystem Incentives: In early 2026, Prom launched a grant program using Polygon CDK to attract dApp developers. This is a move to transition
$PROM from a speculative asset to a functional gas token for its own zkEVM network.
Whale Concentration Risk: A major headwind for PROM in 2026 remains its supply distribution. The top 5 addresses hold over 62% of the supply. This high concentration makes the price extremely sensitive to whale movements, leading to the "flash crashes" seen in late January.
South Korean Interest: Similar to other tokens we've discussed, PROM has seen localized volume spikes on exchanges like Upbit, as South Korean retail interest in Layer 2 scaling solutions remains high in 2026.
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