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
Cash City Goes Live on Solana With $CASH Token Fueling Early Access Spree
Cash City, a blockchain game on Solana, has launched and attracted over 1,000 companies printing $CASH tokens. Players build empires by claiming packs and recruiting interns. Despite some bugs, the project emphasizes transparency and fair play, generating excitement in the crypto gaming community.
BlockChainReporter7m ago
This week, the US Solana spot ETF experienced a total net inflow of $12.6 million.
BlockBeats News, February 14, according to Farside monitoring data, this week the US Solana spot ETF has accumulated a net inflow of $12.6 million.
GateNewsBot41m ago
Solana at Critical Support: Bounce to $100 or Breakdown Next?
_Solana tests $78–$80 support as analysts warn any rebound remains corrective within a downtrend. _
_Break above $100 needed to weaken bearish structure, loss of support signals trend continuation._
_Fractal study suggests SOL may retrace toward $30–$50 before any long-term move to
LiveBTCNews54m ago
Solana Repeating Rare Cycle Pattern That Once Sent SOL Price Pumping
Solana price has entered a quiet phase that often appears after major market declines. Large rallies in previous cycles did not begin during excitement. They started when attention faded and structure slowly rebuilt.
A chart analysis shared by Crypto Patel highlights how the current SOL price
CaptainAltcoin1h ago
