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Recently, the crypto market has been buzzing again. Besides the price fluctuations of mainstream coins like XRP, ETH, and TRX, a discussion about public offering breakdowns and founder risks has completely broken out of the circle.
This is about the Trove project. The founder first repeatedly changed the public offering rules, then suddenly planted landmines within the native blockchain community. These actions directly angered everyone. The most immediate backlash was that the project's own token experienced a severe breakdown, causing investors to suffer heavy losses.
Even more astonishing, community tracking blogger ZachXBT then publicly released the founder's photo, instantly pushing the public opinion to a new height. Now, the market has even opened prediction contracts, betting on whether this guy will be arrested before March 31. For a time, this person became a target for bounty across the entire network, with trending topics skyrocketing.
This incident also serves as a reminder to the industry: changes in public offering rules and repeated community promises ultimately fall on token holders. From the project's credibility to market confidence, once this chain is broken, there is no turning back.