Worth tracking over the coming days. This project just closed a $2.5M funding round at a 20M FDV valuation—fairly reasonable given some of the aggressive raises and valuations we've seen this quarter.

The tokenomics are particularly interesting: 70% of protocol fees flow directly into buybacks and rewards, which creates consistent value accrual for holders. Early movers get a tangible edge too—Trove users secure boosted allocation in future events.

One more thing: tokens unlock 100% at TGE with no vesting period, so liquidity flows in immediately on launch. That's the landscape worth watching.