Wu reported that on-chain analyst Specter tweeted that the perpetual contract protocol TroveMarkets raised approximately $20 million USD FDV funding/valuation to launch, but after going live, only added about $50,000 USD in liquidity, while releasing approximately 15 million TROVE tokens. Multiple "new wallets" received about 5 million–10 million TROVE and quickly sold off, cashing out approximately $30,000–$84,000 USD per transaction. Specter called Trove "the zkasino of 2026" and warned users to stay vigilant.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Wu reported that on-chain analyst Specter tweeted that the perpetual contract protocol TroveMarkets raised approximately $20 million USD FDV funding/valuation to launch, but after going live, only added about $50,000 USD in liquidity, while releasing approximately 15 million TROVE tokens. Multiple "new wallets" received about 5 million–10 million TROVE and quickly sold off, cashing out approximately $30,000–$84,000 USD per transaction. Specter called Trove "the zkasino of 2026" and warned users to stay vigilant.