@TroveMarkets

TROVE

Trove is a perpetual DEX for trading collectibles, RWAs, and equities with up to 5x leverage, initially on EVM then pivoted to Solana. Just launched token $TROVE (Jan 2026) after a chaotic ICO that raised $11.5M with multiple delays, refunds of $2.4M for 'malicious contributors', and a last-minute chain migration. Beta v2 is live with TWAP orders and liquidity pooling. Red flags include multiple TGE delays, suspicious refund patterns, and execution issues around a high-stakes fundraise.

𝕏 @TroveMarkets ↗ trovemarkets.comDeFirisky

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AI Analysisrisky

Confidence

72%

Trove is a perpetual DEX for trading collectibles, RWAs, and equities with up to 5x leverage, initially on EVM then pivoted to Solana.

Just launched token $TROVE (Jan 2026) after a chaotic ICO that raised $11.5M with multiple delays, refunds of $2.4M for 'malicious contributors', and a last-minute chain migration.

Beta v2 is live with TWAP orders and liquidity pooling.

Red flags include multiple TGE delays, suspicious refund patterns, and execution issues around a high-stakes fundraise.

Green flags: Working beta v2 product with real features (TWAP, TLP, referrals) · Raised $11.5M in ICO showing investor interest · Small following (<16k) fits early-stage profile

Red flags: Multiple TGE delays within 48 hours (Jan 18-19) erodes trust · Refunded $2.4M citing 'malicious/clustered contributors' without transparency · Last-minute chain pivot (EVM → Solana) during active ICO · ICO extension controversy after announcing closure · Account creation date listed as Sept 2025 but tweets from Jan 2026 (timeline inconsistency)

Token

$TROVE

Chain

Solana

Stage

mainnet+live