Trove Markets is facing growing backlash after abruptly changing its blockchain strategy, moving development from Hyperliquid to Solana shortly after raising significant funds tied to its original roadmap. The pivot has left some early supporters calling for immediate refunds, citing a mismatch between what they backed and what is now being built.
Trove raised more than $11.5 million through a recent token sale connected to plans for launching on Hyperliquid. However, the team announced a sudden switch to Solana, attributing the decision to a liquidity partner withdrawing 500,000 HYPE tokens required for Hyperliquid’s integration framework. This change means the decentralized perpetual exchange is now being rebuilt from scratch on a different network.
Despite the controversy, the TROVE token generation event remains scheduled, though the team acknowledged that refunds and operational adjustments may require additional time.
The response from backers has been swift. Many argue they invested specifically in a Hyperliquid-based product, not a Solana deployment. Calls to refund all contributors and relaunch under new terms have gained traction, with critics warning that trust could be permanently damaged if concerns are ignored.
Trove said on X;
Adding to tensions, on-chain analysts have flagged unusual token transfers involving HYPE, increasing demands for transparency. With Trove targeting a collectibles trading market projected to reach over $21 billion, how it handles this dispute may determine whether the project can retain long-term support.
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This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.