What went wrong with $TROVE ? I just dug into the $TROVE data and it’s a disaster. The Valuation • Launch: $20M FDV • Now: ~$1.9M FDV • Result: A brutal -90% crash on the very first day. Liquidity • They raised $11.5M in the ICO, but only put $162k into the liquidity pool. • That means only 1.4% of the funds raised are actually backing the trade. • Any decent-sized sell order will completely nuke the price. Shady activities • The token was minted and the Raydium pool was live 3 hours before the team even tweeted the public launch. Holders • The top wallet received 100% of the supply at mint before spreading it out. • Currently, the top 10 wallets control 41% of the supply. • If these top holders sell just 10%, it goes to zero Other concerns • Accusations of undisclosed paid influencer shilling. • Involving Polymarket manipulation....