Trove Markets Faces Backlash After Last-Minute Solana Pivot

[madmax]

Trove Markets has sparked renewed controversy after confirming it will retain roughly $9.4 million from a token sale that was originally marketed around an integration with Hyperliquid. Just days before its token generation event, Trove announced it would abandon that plan and instead pivot its perpetual DEX to Solana, triggering anger from investors who said fundraising expectations were broken.

Trove raised more than $11.5 million tied to the Hyperliquid build but said retaining most of the funds is “the only path that keeps Trove alive as a real product.” The team said the capital will now support development on Solana, including engineering hires, infrastructure, advisory costs and operations, while about $2.54 million will be refunded to some participants.

[cryptobro]

pivoting after the raise is wild, cant believe they thought ppl would be chill w that