Trove has quietly refunded KOLs for the pre-sale round, while other retail investors suffered heavy losses.

GateUser-6433627c · 2026-02-12T14:42:39+00:00

Bubblemaps reports that Perp DEX Trove refunded some KOLs, but most pre-sale participants suffered heavy losses. After the token collapse, fund transfers triggered widespread dissatisfaction. The community accused the team of misconduct, with the token price dropping over 95%.

GateUser-6433627c

2026-02-12 14:42:39

Abstract generation in progress

On February 12, Bubblemaps revealed that Perp DEX Trove had quietly refunded the KOLs who participated in the presale, while other presale participants suffered heavy losses. Monitoring wallets associated with the Trove token deployer 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 announced it would retain $9,397,403 to continue building the Perp DEX on Solana. This move sparked strong community dissatisfaction, with the token price dropping over 95%, ICO participants suffering significant losses, and accusations of rug pulling against the team.

PERP-2,45%

SOL-1,84%

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