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Trove @TroveMarkets Thank goodness I didn't play
Valuation of 20 million, now market value is less than 950,000 😂
The core issue is that the project team has character flaws and was attacked by the English-speaking community. The incident unfolded roughly as follows:
Trove originally planned to build one on Hyperliquid, which, according to the rules, required staking 500,000 HYPE tokens.
They raised approximately $11.5 million through an ICO to purchase these HYPEs.
However, they recently began a large-scale sell-off of HYPE, and the project team later announced that they were abandoning Hyperliquid and instead migrating the entire project to Solana for rebuilding.
Why are Binance projects so popular right now?
The reason these projects can only survive is because "people think the project owners have any sense of shame."
Currently, the only guarantee in the crypto is "CZ".

炼金叔叔
@AirdropAlchemis
01-20
👍Trove市值95万美元
👍打新净亏95%
👍优秀 x.com/AirdropAlchemi…

Luckily I managed to hold back, hahaha
Your ability to hold back isn't necessarily due to a lack of resources; it's more likely that the project itself isn't attractive enough.
I'm out of bullets.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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