@hitman42.eth
The most controversial ICO of 2026
- TroveMarkets
- builds Hyperliquid Hype narrative
- promises to secure HIP-3 license
- raises LP funds to buy 500k
$HYPE
- pays for legitimacy signals (.hl verification)
- offers KOLs 50% discount to shill
learns one thing: alignment sells better than product.
Jan 1–10, 2026
- launches public ICO
- team itself fund it with the promoting funds, around $2.4M was deposited
- severely oversubscribed
- $11.5M inflows
- sentiment euphoric
participants think they’re funding a Hyperliquid giant.
Jan 11 (The Pivot)
- minutes before the ICO closes
- pushes sudden contract update
- extends sale window
- Manipulate the Polymarket betting market
- one trader loses $73K on the end date
trust evaporates.
The Switch
- sudden announcement, we are launching on Solana
- sells the very
$HYPE
required for HIP-3
- dumps the core promise
- migrates entire DEX infrastructure
The Investigation
- ZachXBT enters the chat
- tracks angel round funds
- finds $45K outflow
- bridged straight to the ETH casino address
The Reality
- roadmap abandoned
- they open short on Hype
- The community asks for refunds
- no accountability
- just narrative bait
Trove proved that in 2026, you can sell a Hyperliquid dream and deliver a Solana memecoin....
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