Trove Markets' token crashed over 98% shortly after its launch, leaving investors with significant losses. The project, which raised $11.5 million through a token sale on Hyperliquid, saw its market value drop from $21 million to $330,000. Allegations of fund misuse and misleading marketing, along with a last-minute switch from Hyperliquid, eroded investor confidence. Despite the crash, Trove's developers have refunded $2.4 million but plan to continue building a futures exchange on Solana. Trove Markets aimed to merge collectables investing with leverage trading, focusing on items like rare Pokémon cards and Counter Strike 2 gun skins. However, accusations of undisclosed influencer promotions and fund mismanagement have surfaced. Crypto investigator ZachXBT reported that $45,000 of investor funds were sent to a crypto casino, though Trove has not publicly addressed these claims. The project maintains it is not "taking the money and running," despite the controversy.