Trove Markets ICO participants face significant losses as the project reportedly rugs. The incident highlighted community divisions, with some holders who didn't act on earlier warnings facing harsh consequences. Key players in the ecosystem received allocations—5K $HYPE tokens were distributed to certain addresses amid the chaos. Meanwhile, $LIT token plummeted to the $2 level, reflecting broader market sentiment following the rug event. The incident underscores the ongoing risks in early-stage token projects and the importance of due diligence before participation.