According to Mars Finance, on January 19th, Perp DEX Trove, after raising $11.5 million through its ICO last week, announced that it would shift the listing platform for its TROVE token and perpetual contract DEX from Hyperliquid to Solana, reversing its previous plans disclosed to participants. Trove stated that a liquidity partner who had supported its deployment on Hyperliquid chose to liquidate its holdings of 500,000 HYPE tokens. This was an independent decision by the partner, but this change altered the project's constraints. Therefore, Trove stated that it will no longer develop based on Hyperliquid's infrastructure, but will instead rebuild its perpetual contract trading platform from scratch on Solana, covering multiple asset classes including RWA (Real-World Assets) and prediction markets. This sudden adjustment has sparked strong dissatisfaction within the community, especially among some ICO participants who had expected the project to be listed on Hyperliquid and remain aligned with the HYPE ecosystem.
Trove's decision to deploy its tokens and Perp DEX listing platform on Solana instead of Hyperliquid after its ICO sparked strong dissatisfaction within the community.
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