PANews February 13 News, Bubblemaps disclosed on X platform that Trove Markets has quietly refunded the KOLs who participated in the presale, while other presale participants suffered heavy losses. By monitoring wallets associated with the TROVE token deployer, it was found that one day after the token collapse, $100,000 worth of USDC and $350,000 worth of USDT were transferred to newly funded wallets. On-chain evidence and leaked chat records now confirm that the project team engaged in improper behavior by treating investors differently.
After raising $11.5 million through an ICO in January, Trove stated it would retain $9,397,403 to continue building PerpDEX on Solana. This move triggered strong community dissatisfaction, with the token price dropping over 95%, ICO participants suffering significant losses, and accusations of rug pulling against the team. Community feedback indicates issues such as “paying KOLs for promotion and funds flowing to entertainment platform deposit addresses.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Tests Quantum-Resistant Signatures but Encounters a Sharp Speed Penalty
Solana is collaborating with Project Eleven to develop quantum-resistant signatures, facing challenges with larger signature sizes and a 90% reduction in network speed. This raises concerns about balancing future security with current performance and scalability.
CryptoNewsFlash16h ago
Solana Foundation Launches Agent Skills to Bring AI Agents On-Chain
Solana Foundation has introduced Solana Agent Skills, a toolkit for integrating prebuilt on-chain capabilities into AI tools, enabling faster development of AI agents that can execute blockchain actions efficiently. This simplifies the process for developers and positions Solana favorably in the evolving intersection of crypto and AI.
CryptoNewsFlash16h ago
Solana Recovery Gains Pace While Derivatives Data Shows Split Sentiment
Key Insights
Solana records four consecutive days of gains as funding rates rise, signaling stronger retail interest while overall market conviction remains divided across participants.
Declining futures Open interest alongside rising funding rates highlights reduced trader exposure,
CryptoNewsLand18h ago
Solana Eyes $90 as Volume Surge Fuels Short-Term Rally
Key Insights:
The Solana price rebounded from recent lows near $80 as trading volume surged sharply, signaling renewed participation and stronger short-term market momentum.
A golden cross on lower time frames reinforced bullish sentiment, with technical indicators suggesting continued
CryptoNewsLand18h ago
