2026-01-20 07:42:02

TROVE tokens rapidly went to zero after TGE, setting the record for the fastest project collapse in cryptocurrency history.

The data is shocking: the token price dropped 95% within the first hour, with market capitalization plummeting from $20 million to less than $1 million, all within a single candlestick.

The reasons behind this are actually not complicated. First, the project set 100% token unlock at launch, meaning all liquidity restrictions were fully released. More importantly, the market makers had already prepared ample token exit liquidity, so when investors rushed in, they faced an already set escape route.

The project team never intended for long-term operation. Fully unlocked + ready exit channels = a trap pre-laid by institutions. Cases like this happen every month, and newcomers need to learn their lessons: projects that unlock immediately upon launch and have abundant liquidity carry extremely high risks. Before participating, one must thoroughly study the tokenomics and unlock schedule, and never be blinded by early gains.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
8
Repost
Share

Comment

0/400

TestnetNomad

· 1h ago

It's another classic rug pull scheme; you should run the moment 100% unlock occurs.

View OriginalReply0

blockBoy

· 2h ago

I am an old veteran in the market; I've seen too many tricks. When 100% unlock happens, it's time to run. A single candlestick chart is pushed to the max, a typical institutional method to cut leeks, played out every day. Newcomers must read this; don't always be attracted by the price increase. First, look at the unlock curve. Projects with complete unlock should have long been blacklisted. Is TGE fully unlocked? No wonder they directly dump the market, as all channels for selling tokens are prepared. Cases like this happen every month. When will they ever educate new investors? It's another market maker trick; investors are just here to give away their money. Looking at the token model is a hundred times more important than watching the price increase, but unfortunately most people do the opposite. It's satisfying to see the crash happen so quickly; at least it won't drag down the later bagholders. Too much liquidity is a signal; they're just waiting to dump the market.

View OriginalReply0

LightningPacketLoss

· 3h ago

I'm an old hand at this; I can see through this scam right away. 100% unlock? Just pass, next.

View OriginalReply0

fren.eth

· 01-20 08:09

A single candlestick directly drops to zero—how outrageous is that? It's the same old trick; once 100% unlock, you should run.

View OriginalReply0

PriceOracleFairy

· 01-20 08:09

yo 100% unlock on launch? that's literally just "exit liquidity is ready, step right up" in fancy financial language lmao

Reply0

CryptoComedian

· 01-20 08:09

Laughing and then crying, 95% in one hour—how brutal is this kind of cut? A single K-line breaks through a 20 million market cap; market makers have already stepped on the gas, and retail investors have no time to react. Unlocking 100% of this operation is like handing you the knife—it's up to you to choose how to die. Is this coming again this month? Retail investors really need to learn to read the unlocking curve, don’t just stare at the gains and be foolish. Data speaks for itself; projects that fully release liquidity are basically steering the wheel straight toward a cliff.

View OriginalReply0

MoonWaterDroplets

· 01-20 07:56

It's the same old trick, you should run when 100% unlock happens. A single candlestick moves 20 million, how outrageous is that? Market makers have long prepared escape ladders, retail investors are still lining up to enter. After seeing this so many times, there are still people falling for it, truly incredible.

View OriginalReply0

SoliditySurvivor

· 01-20 07:47

Ha, another classic "project team escape route" setup. This routine is really terrible. A 95% drop in one hour—are they writing code or writing a tragedy? 100% unlock is never a good sign. Seeing this, I directly pass on half of the projects. Beginners really need to be smarter and not be fooled by things like "first-day price increase." Ample liquidity from market makers is actually the biggest danger signal. To put it plainly, it's just paving the way for your escape. This trap is repeated every month. Only those who truly can't understand will jump in.

View OriginalReply0