Unhappy backers seek refund as Trove pivots from Hyperliquid to Solana
The TROVE token generation event is still scheduled to proceed on Monday, despite the sudden pivot to Solana.
Trove Markets, which is building a decentralized perpetual exchange for collectibles, is under fire for pivoting to Solana after raising over $11.5 million tied to a token sale for an integration on Hyperliquid, prompting some backers to seek refunds.
Trove first announced the surprise move to Solana in a post to X on Friday, with one of Trove’s builders, “Unwise,” later blaming the pivot on a liquidity partner withdrawing 500,000 Hyperliquid (HYPE) tokens needed for the Hyperliquid integration.
The TROVE token sale ran from Jan. 8 to Jan 11, and the token generation event is now slated for Monday at 4:00 pm UTC.
