The Trove Markets project, which creates a decentralized exchange for trading perpetual contracts on collectible items (such as Pokémon cards), has found itself at the center of a loud scandal. After receiving over $11.5 million from investors for a launch based on Hyperliquid, the team suddenly announced a complete transition to Solana.
The official reason for the move is liquidity issues. One of the partners allegedly withdrew 500,000 tokens $HYPE , which were needed for integration according to the HIP-3 protocol. A developer using the pseudonym 'Unwise' stated that this changed all the constraints, and it is now easier to build a DEX on Solana from scratch than to try to 'patch the holes' on the Hyperliquid rails.
However, the community is outraged: many backers demand an immediate refund since they invested money specifically in the Hyperliquid ecosystem. Against the backdrop of this news, the HYPE token has faced significant pressure, and analysts are already recording suspicious transfers of funds from the project's wallets. While Trove prepares a refund mechanism and moves the TGE to the evening of January 19, investors wonder: is this a real technical necessity or an attempt to escape to a more hyped blockchain after raising capital.
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