@zenbase
Jan 8-11: Chaotic Fundraising
The Initial Coin Offering (ICO) was oversubscribed, raising **$11.5 million**, far above its $2.5 million goal. Last-minute rule changes created confusion and caused significant losses for some traders on prediction markets.
· Jan 19: Crash and Aftermath
The $TROVE token launched and collapsed by **~95% within hours**. The team stated it would keep **$9.4 million of the raised funds** to continue building on Solana, offering only partial refunds and leaving investors with massive losses.
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