Decentralized change platform Trove Markets has refunded chosen influencers in stablecoins following the collapse of their native token, in keeping with blockchain evaluation agency Bubble Maps.
BREAKING: @TroveMarkets quietly refunded KOLs whereas presale contributors misplaced every little thing
On-chain proof and leaked chats 🧵 pic.twitter.com/GD7cYX8790
— Bubblemaps (@bubblemaps) February 12, 2026
The challenge raised $11.5 million in an preliminary coin providing initially bought to launch on Hyperliquid. Nevertheless, simply earlier than the token era occasion, Trove introduced on X that it might launch with Solana as a substitute. Across the similar time, a third-party liquidity supplier offloaded $20 million value of HYPE tokens.
When the $TROVE token went public, it plummeted by 99%, wiping out ICO traders’ cash.
Blockchain knowledge reviewed by Bubblemaps reveals that inside 24 hours of the crash, $100,000 in USDC and $350,000 in USDT was transferred from wallets linked to the Trove deployer to newly funded wallets. The corporate linked the deal to a leaked Telegram chat through which Trove’s founders mentioned compensating key opinion leaders who requested refunds.
Throughout the identical interval, further transfers totaling over $250,000 in stablecoins had been found to be tracked to wallets tied to different influencers.
