Can Trove Rebuild Trust After the Turmoil?
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Despite the backlash, Trove insists it is committed to long-term execution. The team said it is “not taking the money and running” and plans to earn trust back by delivering a functioning perpetual DEX, now focused on trading collectibles rather than traditional crypto assets. According to Trove, this niche focus is central to differentiating the platform going forward.
The collectibles thesis has drawn attention before. In September, Bitwise predicted that tokenized and onchain collectibles — including assets like Pokémon cards and Counter-Strike 2 skins — could grow into a $21.4 billion market. Whether that vision is enough to overcome the damage from Trove’s token launch remains an open question for investors watching closely.