Trove Markets is under scrutiny after allegedly refunding key opinion leaders (KOLs) following a dramatic 99% crash in its $TROVE token. On-chain data analysis by Bubblemaps revealed that wallets linked to the $TROVE deployer transferred approximately $100,000 in USDC and $350,000 in USDT to new wallet addresses shortly after the token's collapse. These funds reportedly matched compensation requests from KOLs in leaked Telegram chats. The controversy arises as regular ICO participants, who helped Trove raise $11.5 million, faced significant losses. Initially, Trove aimed to develop on Hyperliquid but later pivoted to the Solana ecosystem. During the same period, over $250,000 in stablecoins were also transferred to wallets associated with other KOLs, raising questions about the fairness of the compensation process.
Trove Markets Allegedly Compensates KOLs After Token Crash, ICO Investors Suffer
This content is for informational purposes only and does not constitute investment advice.
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
Unstaked related news and market dynamics research
Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.
XRP News and Research
This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.