Perpetual Contract Protocol TroveMarkets exposed issues right after launch. The project completed fundraising with a valuation of $20 million FDV, which sounds pretty good, but its performance after going live was shocking—only an additional $500,000 in liquidity.
What’s more concerning is the token distribution. The project team released about 15 million TROVE tokens all at once. The result? A large number of new wallets received between 5 million and 10 million tokens, then immediately sold them off. Single transactions ranged from $30,000 to $84,000, with no hesitation.
This pattern closely
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