Trove Perpetual DEX Suddenly Changes Course: Shifting from Hyperliquid to Rebuilding on Solana, ICO Investors Caught Off Guard

LiquidityWitch · 2026-01-19T03:56:13+00:00

Perpetual contract DEX project Trove announced a change of course after raising $11.5 million, shifting development to the Solana chain and abandoning the original Hyperliquid-based project. This decision was triggered by liquidity partner liquidating HYPE, which caused community dissatisfaction and affected investor confidence.

LiquidityWitch

2026-01-19 03:56:13

Abstract generation in progress

【Block Rhythm】Perpetual Contract DEX Project Trove Recently Made a Major Move—Having Raised $11.5 Million from the ICO Stage, They Announced a Change in Roadmap.

What was the original plan? To launch the TROVE token and perpetual trading platform on Hyperliquid. Investors and the community understood it this way. But now? The project team says they need to completely overhaul and shift focus to deploying on the Solana chain.

What’s the reason behind this? Trove revealed that one of their liquidity partners made an independent decision—liquidating 500,000 HYPE tokens. Although the project team emphasized that this was the partner’s personal choice, this action directly altered the ecological constraints Trove was operating within. As a result, the project has decided to abandon the development approach based on Hyperliquid.

The current plan is to start from scratch and rebuild the entire perpetual contract trading platform on Solana, covering various assets such as RWA (Real World Assets), prediction markets, and more. It sounds ambitious, but the question is—can such a major adjustment gain community approval?

Many ICO participants are already upset. After all, when they initially invested, they did so based on the prospects of the Hyperliquid ecosystem. Now suddenly switching tracks, this reversal has dealt a significant blow to early investors’ confidence. Discontent within the community has already surfaced.

HYPE-7,29%

SOL-6,02%

RWA0,18%

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Frontrunner

· 7h ago

Laughing out loud, they change their mind after raising the money, this trick is really clever

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HodlTheDoor

· 7h ago

Rushed to 11.5 million and then changed course... The show's effect is amazing, investors must be so frustrated.

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0xSoulless

· 7h ago

Ha, this is Web3. After raising 11.5 million USD, they can still change the track at will. We, the bagholders, are really too fortunate. --- One partner clears out everything and changes the entire direction? I really can't believe this logic. They promised perpetuality, but in the end, it's our losses that are perpetual. --- Another "revolutionary project" in the Solana ecosystem. Betting that this time it won't be another pitfall. --- ICO investors: Where is my vision? Project team: Your vision is to start over with us. --- 500,000 HYPE cleared out, and the entire ecosystem constraints have changed. This is just ridiculous. --- Now it's settled. After running from Hyperliquid to Solana, investors can only wait to eat dust. --- No, just one partner clearing out can overturn everything? Was this risk not assessed during the project's fundraising? --- The fate of retail investors: promising grandly during fundraising, then starting to change the tune once launched. --- The Solana ecosystem welcomes you. Hope this time it’s not another PPT project. --- Truly incredible, the roadmap changes faster than the coin price drops.

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