A change in Trove token sale rules caused a Polymarket trader to lose over $73,000
According to Odaily, The Poly Nerd monitoring shows that Trove updated its contract five minutes before the end of the token sale, extending the deposit deadline to January 20. Subsequently, Polymarket's order book saw massive buy orders ranging from 100,000 to 300,000 shares from wallets related to the project. Trove first announced on X that the sale would be extended by 5 days, causing the odds in the high fundraising range to soar. Later, they posted again to say the extension was canceled and the original plan would be maintained, resulting in many traders being trapped. One trader invested $89,000 near the close in an attempt to earn a $200 profit and is now facing a loss of over $73,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Short-term Direction of ETH: Key Lies in the Dense Chip Zone
Anchorage Digital plans IPO, aiming to raise between $200 million and $400 million
BitMine pushes Ethereum staking queue to over 44 days, setting a new high since 2023
