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TROVE token experienced a devastating collapse following its TGE launch. The project, which boasted a $20M pre-sale fully diluted valuation, has since plummeted to just $600K—wiping out over 90% of its value in the post-launch period. This dramatic crash serves as a stark reminder of the execution risks inherent in many early-stage crypto projects. The massive gap between pre-TGE hype and actual market performance highlights the importance of thorough due diligence and realistic valuations during token launches.
From 20M to 600K, does anyone still dare to play such early-stage projects? It's too risky.
Every time they say they need to do their homework, but they still get rug pulled. Why are so many people unable to learn?
TROVE was indeed tragic this time, with a 90% drop... this is the real rug risk.
They hype it up during promotion, but within five minutes of launch, the truth is exposed. Where did the problem lie?
Another case from heaven to hell. Shouldn't such cases serve as cautionary lessons?
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Pre-sale hype was crazy, but as soon as TGE happened, the true colors showed.
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90% evaporated directly. How outrageous must the project team be to do that?
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Due diligence? Laughable. Most people rush in without even reading the white paper carefully.
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Honestly, there are so many of these projects, and the key is that people still keep falling into the trap.
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From 20M down to 600K. That number just hurts to look at.
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Another textbook-level rugged case is about to happen.