TechFlow News, February 12: According to on-chain analytics platform Bubblemaps, perpetual contract protocol Trove Markets secretly refunded key opinion leaders (KOLs) after its token $TROVE crashed by 99%, while ordinary presale participants suffered heavy losses. Bubblemaps discovered via on-chain data that, one day after the token’s collapse, wallets associated with the $TROVE deployer transferred approximately $100,000 in USDC and $350,000 in USDT to newly created wallet addresses.
It is reported that Trove previously raised $11.5 million through an ICO to build its project on Hyperliquid but later pivoted to the Solana ecosystem. On-chain tracking shows these funds originated from the founders’ addresses—matching the compensation amounts requested by KOLs in leaked Telegram chat logs. During the same period, this address also transferred over $250,000 in stablecoins to multiple wallets linked to other KOLs.
