$TROVE did an ICO at a $20M valuation but immediately crashed 95% to below $1M valuation.
8 Figure Rug Pull 🚨
What exactly happened ?
@TroveMarkets was building a perp DEX focused on trading exotic and illiquid assets such as collectibles on Hyperliquid
They created hype using the Hyperliquid community but later launched on Solana.
100s of KOLs promoted the project and created massive hype which is why they raised over $10M even though the target was just $2.5M
Many big CT accounts you see on your timeline were involved in this
Half of them promoted it and the other half is now exposing it
Just search $TROVE on X and you will see the entire drama.
The lower valuation of $20M helped attract attention because most people on CT focus only on numbers.
When projects were raising at $100M or $200M this looked cheap and BIG KOL presented this as next opportunity that's why people jumped in without researching whether it was actually worth it.
Then comes the TGE : A Clear 95%+ Crash To $700K Valuation 😳
The Main Problem ⇣
The team promised refunds after oversubscription but reportedly refunded only $100K and used the remaining $9.39M to build a perp DEX on Solana without active consent from participants
It's actually crazy because let's say you're putting $10K but got allocation worth $1K and now project will tell you : let us use the remaining $9K to build the project.
You'll be frustrated and so the participants are.
Lesson : This is why it is important to read all T&C before participating in any sale or buying coins you see on TL
But you'll not learn anything i know because Greed > Anything.
US Spot $BTC ETFs had a monster day yesterday with 8,033 BTC inflows. Thats the largest inflow day for quite a while now and is hot on the heels of 13,627 BTC purchase from Strategy over the weekend. Looks like the race is back on. “Get some / get yours” if you can, while you still can #StrategyBTCPurchase #BTC100kNext? #MarketRebound
Po długim czasie otworzyłem swoje konto binace. Lekko zobaczyłem $PEPE 40,000+ pepe w moim portfelu. Mam pytanie dla wszystkich was? Ile czasu zajmie mi stać się milionerem? Czy cena pepe wzrośnie do 1 dolaru w przyszłości? . #future #prediction... #question
Assets Allocation
Czołowe aktywo
PEPE
100.00%
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