From major funding rounds to collapse—a cautionary tale in the crypto space. This project initially raised millions and launched an ICO at a $20M valuation, suggesting significant investor confidence at the time. Fast forward to today: $TROVE token now sits at merely $723k market cap with only $54k in liquidity. The signs were there for those watching closely. What started as an ambitious venture has officially materialized as a rug pull, leaving investors with significant losses. The dramatic plunge from ICO expectations to current token metrics tells the story of how quickly fortunes can reverse in crypto markets.
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.
7 Likes
Reward
7
5
Repost
Share
Comment
0/400
MEVEye
· 12h ago
20m to 723k, this market is indeed doomed. It was obvious long ago that with only 54k in liquidity, they dared to boast...
View OriginalReply0
AirdropHunter007
· 12h ago
Another classic case of falling from heaven to hell, from a 20M valuation to 723k. How much could one lose...
View OriginalReply0
SerRugResistant
· 12h ago
Another old trick, from $20M to $723k, the speed is incredible... I’ve been saying not to touch projects without liquidity, and now it’s happening.
View OriginalReply0
CryptoGoldmine
· 12h ago
Falling from a 20 million ICO valuation to 730,000, this liquidity data says it all—no one is taking the bait anymore.
From major funding rounds to collapse—a cautionary tale in the crypto space. This project initially raised millions and launched an ICO at a $20M valuation, suggesting significant investor confidence at the time. Fast forward to today: $TROVE token now sits at merely $723k market cap with only $54k in liquidity. The signs were there for those watching closely. What started as an ambitious venture has officially materialized as a rug pull, leaving investors with significant losses. The dramatic plunge from ICO expectations to current token metrics tells the story of how quickly fortunes can reverse in crypto markets.