Digital collectibles derivative newcomer Trove raises over $11.93 million, with the market betting that FDV will exceed $20 million

The public sale of the digital collectibles contract platform Trove continues to heat up. According to the latest news, its subscription amount has surpassed $11 million, now reporting $11.93 million. This fundraising progress not only far exceeds the original target but also sparks widespread market bets on its future performance. The prediction market on Polymarket regarding “Trove FDV exceeding $20 million within one day after launch” has formed a 50% consensus, reflecting strong market optimism for this new project.

Fundraising Momentum Far Exceeds Expectations

From Goal to Reality

Trove’s fundraising progress is considered beyond expectations. According to relevant information, the project’s initial fundraising target was $2.5 million, but the first phase of fundraising already reached over $3.7 million, with an oversubscription of 160%. Currently, the total subscription amount has reached $11.93 million, indicating that fundraising is still ongoing.

Such a level of fundraising heat is uncommon among new projects in early 2026. The ability to attract such significant capital attention indicates high market recognition of Trove’s product direction and team execution.

True Reflection of Market Sentiment

From relevant information, it can be seen that market enthusiasm for Trove is quite high. Several well-known traders and investors have expressed confidence in the project, including large participants in the ICO. For example, a smart trader EMp115 invested about $300,000 during the ICO, and this trader has a solid profit record from other projects.

This level of participation reflects that Trove is not just hype but has gained recognition from professional investors.

Product Innovation Draws Market Attention

Combining Derivatives and Collectibles

Trove’s core innovation lies in integrating digital collectibles with the derivatives market. According to relevant information, the project’s product roadmap includes two phases:

• Phase One: Perpetual contracts (perps) plus oracle infrastructure
• Phase Two: Trading pairs related to collectibles such as Pokémon, cultural markets, etc.

This design cleverly taps into a new market space. Traditional collectibles markets (like Pokémon cards) face difficulties in price discovery, whereas Trove provides new liquidity and pricing mechanisms for collectible assets through derivatives trading. Traders can short Birkin bags with 5x leverage or go long on Charizard cards with 3x leverage, which was previously unimaginable.

Confirmation of Market Hotness

Market observers point out that the 2026 crypto market has a “3P” consensus: Perps (perpetual contracts), Prediction (prediction markets), and Privacy. Trove, as a project combining Perps and Prediction features, happens to sit at the intersection of these three hot tracks. This explains why Trove has attracted such high attention.

Market Expectations vs. Reality

FDV Prediction Market Consensus

The prediction market on Polymarket regarding Trove’s FDV provides interesting data: market participants are betting that “Trove FDV will exceed $20 million within one day after launch” with a 50% probability. This data warrants deeper understanding.

A 50% probability indicates a clear division in market valuation of Trove. On one hand, the fundraising momentum and product innovation give reasons for market optimism; on the other hand, the market remains cautious—after all, new projects face multiple risk points from fundraising to launch and market performance.

From Fundraising to Valuation

If the current $11.93 million fundraising amount is ultimately achieved, combined with the market’s 50% bet on a $20 million FDV, it implies certain market expectations for the project’s development. This expectation is neither blindly optimistic nor overly pessimistic but based on rational judgment of product potential and market heat.

Summary

Trove’s fundraising momentum exceeds expectations, reflecting market recognition of the new track of digital collectible derivatives. The project has raised $11.93 million, with a 50% probability of market expectation that its FDV will exceed $20 million. Regardless of the final outcome, Trove has already demonstrated its position in the 2026 “3P” track through fundraising enthusiasm and product innovation. The subsequent focus will be whether the project can realize market expectations after launch and whether the new concept of digital collectible derivatives can truly become a new growth point in the crypto market.