Trove Market's chances of hitting a $20M+ FDV took a significant hit just one day after its token launch, plummeting by 60% amid reports of questionable moves by the development team. The sharp market sentiment reversal raises questions about governance and transparency. Early participants are closely watching how the project addresses these concerns. Market dynamics post-launch can be volatile, but a collapse of this magnitude within 24 hours typically signals underlying issues affecting investor confidence. What started as a promising token debut has become a cautionary tale about the importance of vetting team credibility before participating in new project launches.

TOKEN-6,06%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
BearMarketSagevip
· 7h ago
It's the same old trick, pumping the price at open, then crashing 60% within 24 hours... These project teams really think we're just leeks. A drop of this magnitude in one day definitely indicates team issues. DYOR is really not just a slogan. As for Trove, they deserve it. What era are we in that people still believe in "promising new projects"? Looking at those guys rushing in, I can only say that beginners are paying a heavy toll. This is really just the prelude to a rug pull. Be more cautious next time, everyone.
View OriginalReply0
AirdropNinjavip
· 15h ago
A 60% plunge in 24 hours—how devastating is that? What is the team doing?
View OriginalReply0
GasFeeLovervip
· 15h ago
It's the same trick again, a 60% plunge within 24 hours? The opening is just a trap.
View OriginalReply0
GateUser-44a00d6cvip
· 15h ago
Laughing out loud, another rug pull in progress, dropping 60% in 24 hours. This team has some issues, more or less.
View OriginalReply0
CryptoNomicsvip
· 15h ago
nah, 60% dump in 24h? that's not volatility, that's the market efficiently pricing in what the fundamentals screamed from day one. classic case of retail ignoring basic due diligence on tokenomics.
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)