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.”
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