2026-01-19 11:44:03

The financing circle has experienced another major reversal. Trove, a project that raised $11.5 million in a public offering last year, originally planned to build a perpetual contract DEX on a leading derivatives chain, and the outlook seemed promising. But after securing funding, the project team suddenly changed course.

The latest news shows that the Trove team announced a complete shift to rebuilding within the Solana ecosystem. What is the reason? The project team stated that a large liquidity partner sold off 500,000 related tokens, making the original technical plan no longer feasible, requiring a restart from zero.

This move has sparked heated discussion in the community. After the funding, the project changed direction, and the tech stack was rebuilt from scratch. Many investors and followers have begun to question the project's original intentions. Such cases are not new in the crypto industry, but each time they trigger reflections on project governance and transparency.

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MrDecoder

· 3h ago

Does a liquidity partner have to redo everything after a sell-off? That reason sounds a bit far-fetched... It feels like they just got funding and want to switch tracks. --- Again, they change faces after fundraising. This routine is too familiar in the crypto world. --- Is the Solana ecosystem really that hot? Do they have to start from zero? I feel more like the original plan fell through. --- $11.5 million in funding + 500,000 tokens sold = starting over from zero. This math doesn't quite add up, brother. --- Every time they cite objective reasons, investors should wake up. This is just a big scam. --- Rebuilding the tech stack? It seems like the real issue is a problem with the funding chain, and they're just using a change of direction as an excuse. --- Solana is indeed popular, but switching gears like shedding baggage... I still can't quite understand. --- Wait, is the liquidity partner internal? How can they still have such influence? --- Laughs. They boast extravagantly during fundraising, then change their minds once they get the money. This is a common move among players. --- Where is the promised top-tier derivative chain? They turn around and go to Solana. Do they really think investors are fools?

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ETHReserveBank

· 3h ago

Liquidity partner sells 500,000 tokens and has to redo? This reason is truly absurd, it just seems like an excuse to run away. Raising 11.5 million USD but the tech stack has to start from zero, isn't this just using investors' money as R&D funds? Again, it's the Solana ecosystem, with such fierce competition in the track, expecting a turnaround? First clarify the explanation to early investors. What does "changing the tune" mean? To be straightforward, the original plan was all fake, a typical story-telling fundraising tale. What does this indicate? Due diligence was not done properly; many project teams haven't even thought it through before going out for funding.

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Rugpull幸存者

· 3h ago

Funding leads to a complete change of plans; I've heard this kind of rhetoric too many times. Liquidity partners sell off? Why not admit that their technical solutions are simply not up to par... --- Another drama of "being forced to turn," Solana has indeed become a refuge in times of crisis. --- They change their plans after receiving 11.5 million; no wonder everyone is cautious. These days, funding commitment letters are as good as waste paper. --- Really, every time they claim it's due to objective reasons beyond their control, what about the investors? Are they just being fooled like this? --- Solana has now become the backup plan for all projects, hilarious. --- By the way, have the project teams ever thought about how much brand trust remains after all this fuss?

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PriceOracleFairy

· 3h ago

ngl this screams oracle manipulation wrapped in liquidity crisis theater... 50万 tokens dumped & suddenly solana pivot? sus probability distribution there. whispering alpha: when LP bags get liquidated, devs always find convenient scapegoats lol.

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BearMarketBuyer

· 3h ago

Haha, it's the same old story again—liquidity partners selling off? That's just ridiculous; can they really pin the blame on others? Is there a problem with the financing plan or did the project team not think it through at all? Can $11.5 million be transferred arbitrarily? Wait a moment, let me see if there's a mole... Typical behavior of changing their tune after taking the money—why not admit the initial research was insufficient? Building the Solana ecosystem with blocks, huh? Switching from perpetuals to DEXs like this now—investors are truly fed up.

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UncleWhale

· 4h ago

Coming back with this again? Liquidity partners sell off 500,000 tokens and suddenly change course. No matter who it’s on, you can't come up with such a ridiculous excuse. Once the funding is in hand, the attitude changes—this has become a common trick in the crypto world. To put it simply, they haven't figured out how to proceed. As soon as the money is received, they start messing around aimlessly. The Solana ecosystem will once again have a failed project. Betting on this, new "technical difficulties" will inevitably emerge in the end.

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