Bubblemaps: Trove Markets project team quietly refunds presale to KOLs

ForesightNews2026/02/12 14:39

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Foresight News reported that blockchain analytics platform Bubblemaps has monitored that the Trove Markets project team quietly refunded KOLs while presale participants lost all their funds. Trove raised $11.5 million through an ICO to build the project on the Hyperliquid platform, but things did not go as planned. Before the project launch, Trove's external liquidity providers sold $20 million worth of HYPE tokens; subsequently, the team shifted to the Solana platform, and the TROVE token plummeted by 99% at launch, causing heavy losses for ICO participants.

Bubblemaps discovered by monitoring wallets associated with the TROVE deployer that one day after the token crash, $100,000 in USDC and $350,000 in USDT were transferred to newly funded wallets. The organization stated that it has obtained on-chain evidence and leaked chat records proving the project team engaged in improper conduct by treating investors differently.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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华尔街见闻•2026/10/16 22:46