Odaily Planet News: Trove Markets announced that due to liquidity partners withdrawing 500,000 HYPE tokens required for the Hyperliquid integration, the project has decided to shift its development from Hyperliquid to the Solana network. Trove Markets had previously raised over $11.5 million through a token sale, originally intended for the Hyperliquid integration. This decision has sparked criticism from the community, with some supporters demanding immediate refunds. Trove Markets developer Unwise stated that the team will rebuild the DEX from scratch on Solana. The TROVE token generation event is still scheduled for Monday, although more time will be needed for the migration and refund process. Additionally, ZachXBT has detected several abnormal transactions involving the movement of HYPE tokens.
Trove Markets Switches from Hyperliquid to Solana Amid Community Outcry
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Summary
Trove Markets announced a shift to Solana after its liquidity partner withdrew 500,000 HYPE tokens, derailing the Hyperliquid integration. The project had raised $11.5 million for this integration. Community backlash has been growing, with some users calling for refunds. Developer Unwise confirmed that the DEX will be rebuilt on Solana. The TROVE token launch is still scheduled for Monday, although migration and refund processes will take time. ZachXBT reported unusual movements of HYPE tokens. New token listings are being closely watched in the market.
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