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JUST IN: $TROVE crashes 95% after $11.5M ICO
Trove Markets’ $TROVE token collapsed within hours of launch, falling to a sub-$1M FDV after raising $11.5M in an oversubscribed ICO on Solana
Here's what happened 👇
🔹Raise target: $2.5M
🔸Total raised: $11.5M+
🔹Token launch: Jan 19
Immediate sell-off pushed FDV to $500K
Why the backlash?
> Last-minute pivot from Hyperliquid narrative to Solana
> Contract changes close to launch
> Heavy KOL promotion with alleged undisclosed payments
> Only $100K refunded, while $9.4M retained
> Testnet stats used as presale marketing with no clear moat
#CryptoNews #TROVE #Solana #RugPull #Cryptera