Trove Token Sale: How Degens Got Trapped 1. $11M RAISED… THEN THE RUG BEGAN polymarket.com/event/trove-pub...… The Trove sale looked clean on the surface. Funds kept coming in, and by the scheduled end time, a bit over $11M had been raised with no obvious sign of foul play. Then, in the final five minutes, everything went sideways. 2. DEV FLIPS A SWITCH, WHALES APPEAR OUT OF NOWHERE The Trove team updated the contract to move the deposit cutoff to January 20, meaning new funds could still be accepted even though most traders thought the sale was ending. At almost the same time, very large buy orders of 100–300K shares appeared near the bottom of the Polymarket order book, likely from wallets connected to the project, buying cheap “Yes” exposure. 3. TOKEN SALE EXTENDED 5 DAYS!* (*JUST KIDDING) About 15 minutes later, Trove posted on X that the token sale would be extended by five days, and odds for the higher raise brackets spiked as traders rushed to take what looked like easy profit. Shortly after, they posted again saying there would be no extension and that the original plan would stand, which left many traders trapped in bad positions. 4. HE RISKED $89,000 TO MAKE $200… GUESS WHAT HAPPENED The worst damage hit people trying to squeeze out small, “risk‑free” gains at the end. One trader reportedly put in $89K near the close just to make around $200, and is now facing more than $73K in losses. 5. THE LESSON LEARNED > This is a reminder that crypto can still behave like the Wild West: if you do not read the rules carefully and understand how contracts can change, you can become exit liquidity very quickly. > This is not a fair casino; it’s the Wild West of crypto. > If you don’t read rules, watch contracts, and assume nothing, you’re the exit liquidity.