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The Solana ecosystem undergoes a major adjustment. The perpetual contract platform Trove officially announced that it will abandon its original Hyperliquid infrastructure and fully transition to building its own DEX on the Solana chain. This strategic shift has triggered a fierce market reaction—TROVE tokens plummeted over 97% within just 10 minutes after the token issuance was completed, and the project's market value rapidly shrank.
Regarding this "collapse," the Trove team did not choose to avoid it. They stated that they have properly retained the funding to promote subsequent development of new projects. At the same time, the team also admitted that in the future, they need to regain the trust of investors and the community through a series of practical actions and results.
This incident once again reminds the market that although the Solana ecosystem continues to attract increasing interest, the risks and uncertainties faced by new projects are also significant. Whether they can truly deliver on their promises is key to the long-term survival of the project.
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Trove's move is truly outrageous, promising Hyperliquid and now switching to Solana, who gave them the courage
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Another project in the Solana ecosystem, the risk is really unbearable, no matter what is said, it's useless
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Is the funding still reserved? Whatever is said sounds good, let's see if it can be truly delivered later
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A 97% decline directly liquidated a batch of retail investors, no matter how hot the ecosystem is, it can't save a bad project
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The key is that the team attitude is still pretty good, not running away already makes it better than some projects
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Switching to self-built DEX, it's either a knockout or a suicide, there's no middle ground
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Trust is something that, just because you say rebuild, it can be rebuilt? The market isn't forgetful
There are so many scams in the Solana ecosystem, you really need to keep your eyes open.
Talking about preserving funding capital... well, that's a nice talk, but can they really do it?
Another wave of cutting leeks, when will we see truly practical projects?
The team admits their mistakes with a decent attitude, but once trust is lost, it's very hard to regain.
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Another "strategic adjustment," investors are on a roller coaster again. Is the Solana ecosystem this competitive?
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Basically, it's a gambler's mentality. Changing tracks sounds easy to say, but is it easy to do?
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If the team still dares to say "properly retain funding," then why did it drop so hard? Laughing to death
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There are so many projects like this on Solana, how many have actually survived in the end?
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Wasn't there a grand plan? Why change course again? Who can withstand this?
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Once trust is broken, no matter how much you boast afterward, it's useless
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Wait, can they really turn things around with this? I'm a bit skeptical
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Trove's move this time is basically digging their own grave
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97% drop in 10 minutes, is this real... Trove's operation is a bit aggressive
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Another project from the Solana ecosystem, is it the same old trick this time?
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They talk nicely about raising funds, but only real results count, right?
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I just want to ask how many people still believe they can turn things around?
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Hyperliquid switching to Solana self-built, what was the initial thought behind this decision...
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Always talking about gaining trust, but retail investors are always the ones losing money
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This is a textbook example, think carefully before entering new projects
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97%, damn, how many people got liquidated?
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It seems that most projects in the Solana ecosystem follow similar patterns, just see who lasts the longest
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Raising funds without losses is enough? Feels no different from passing the buck
Hyperliquid was supposed to be good, and now they're building their own DEX again. This shift is too abrupt.
Is the funding still there? So who was that previous wave of bleeding people's hard-earned money?
Let's wait and see if they can really deliver something later. Anyway, I've learned my lesson this time.
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Another excuse of "We have money to continue development," I'm tired of hearing it
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The Solana ecosystem is just like this now, with projects as numerous as weeds
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Switching to self-built DEXs can save the day? Feels like shifting the blame
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Promised actual execution, but it will be forever out of reach
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The ones making money this round are definitely early FDV holders; retail investors are destined to lose money
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Damn, 97% in 10 minutes, those who invested must be so desperate
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Reminds me of the Hyperliquid incident last time, and here we go again
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Are the funding reserves still intact? What about the investors' money? Laughing to death
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It seems the SOL ecosystem's screening mechanism is still not strict enough
Trove's move this time was truly brilliant, changing on a dime.
Another Solana project is staging a big show, I bet there will be more next time for five bucks.
The team still has the nerve to say "properly retain funds"? Bro, are you joking?
Just want to ask, has the raised money been transferred long ago?
The Solana ecosystem has turned into a large PUA scene in the past two years.
Actions speak louder than words, stop just talking trash, can you quietly build a reliable project?
Platform contracts are really more and more exciting, I am convinced.
I've seen this trick on Hype too many times; as soon as the strategy changes, investors run.
Is the funding still there? Then keep watching the show; it's all already rotten anyway.
Want to win back trust? Show some results first; who would believe a bounced check?
The Trove team’s move is really disappointing; they said they would switch to building on Solana, and investors were directly taken advantage of.
Another project that raised good funding but then ran away, this ecosystem is truly full of hidden talents.
Who would believe in continuing development with retained funds? Let’s see if they can survive until next month first.
Wait, do they really still have funds? It feels like everyone has been trapped.
That’s why I now stay far away from new Solana projects; the risk is just too high.