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TROVE's TGE is about to launch, but there are concerning issues with this project.
It can be seen from the fundraising stage. The team diverted $45,000 from a $11 million funding round to a gambling platform, which is hard to understand. Even more outrageous, the project’s performance on Polymarket appears to show signs of manipulation, sparking discussions among market participants.
The terms of collaboration with KOLs also seem strange. It is said that the conditions for content creators are very harsh, and some already posted tweets reveal clues. More importantly, liquidity providers quietly closed positions worth $500,000. A liquidity partner of the project actively withdrawing is usually not a good sign.
All these signals together indeed raise many questions about the project's credibility. Investors should scrutinize these details more carefully before participating.