Trove has quietly processed refunds for the pre-sale round KOLs, while the rest of the retail investors suffered heavy losses

BlockBeats News, February 12th, Bubblemaps disclosed that Perp DEX Trove has quietly processed refunds to the KOLs who participated in the presale, while the remaining presale participants suffered heavy losses. Monitoring identified that $100,000 USDC and $350,000 USDT were transferred to a newly funded wallet one day after the token collapse. Concrete on-chain evidence and leaked chat records now prove the project team's improper treatment of investors.

After raising $11.5 million through an ICO in January, Trove announced that it would reserve $9,397,403 to continue building Perp DEX on Solana. This move sparked strong community dissatisfaction, with the token price plummeting over 95%, causing severe losses for ICO participants who accused the team of rug pulling. As per community feedback, the project allegedly had issues such as "paying KOLs for promotion" and funds flowing to an "entertainment platform deposit address."