Foresight News
Foresight News|Feb 12, 2026 14:36
[Bubblemaps: Trove Markets Team Quietly Issues Refunds to KOLs] Foresight News reports that blockchain analytics platform Bubblemaps has detected that the Trove Markets team quietly issued refunds to KOLs (Key Opinion Leaders) while presale participants suffered total losses. Trove raised $11.5 million through an ICO to build its project on the Hyperliquid platform, but things did not go as planned. Before the project launch, Trove's external liquidity providers sold $20 million worth of HYPE tokens; subsequently, the team shifted to the Solana platform, and the TROVE token plummeted by 99% upon launch, causing significant losses for ICO participants. Bubblemaps, by monitoring wallets associated with the TROVE deployer, discovered that one day after the token crash, $100,000 in USDC and $350,000 in USDT were transferred to newly funded wallets. The organization stated that it has obtained on-chain evidence and leaked chat records proving the project team engaged in improper behavior by treating investors unequally.
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