2026-01-19 14:39:11

Multiple significant changes have occurred within 24 hours in the TROVE project, and the situation is not optimistic.

First is the ongoing pressure from LP continuous dumping. Large holders known as "Nervous LP" have been selling HYPE tokens through the TWAP mechanism, with approximately 75% of their positions sold, totaling nearly 370,000 tokens. This persistent selling pressure has exerted noticeable stress on market sentiment.

A greater turning point comes from the official level. TROVE co-founders recently announced the termination of the entire HIP-3 project on the Hyperliquid ecosystem and plan to pivot to rebuilding on Solana. This decision marks a complete overhaul of the original roadmap.

Additionally, the timing of the Token Generation Event (TGE) has been postponed again. The project team’s latest commitment is to complete the TGE by January 19, but given the history of multiple delays, market confidence in this timeline remains doubtful. These changes reflect that the project still faces significant challenges at the execution level.

HYPE5.79%

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.

14 Likes

Reward
14
9
Repost
Share

Comment

0/400

Web3Educator

· 01-22 14:32

LP is starting to dump again. This time, I really can't hold on anymore. Hyperliquid is directly stopping, switching to Solana? Let me explain to my students what this means... Actually, it's a matter of execution. January 19th? Hehe, we've all seen this move before.

View OriginalReply0

CryptoCrazyGF

· 01-22 08:21

Laughing out loud, 370,000 tokens are being dumped out, LP is really about to run away Wait, Hyperliquid directly cut and changed to Solana? Are they trying to rebirth or to kill it off? TGE postponed again? I definitely don't believe it on January 19.

View OriginalReply0

HalfPositionRunner

· 01-20 14:27

LP This is a full withdrawal, dumping 370,000 tokens... Hyperliquid to Solana, this isn't a pivot, it's a crash site. January 19? Haha, here we go again. Delaying all the way, TGE should be renamed TLE. The official statements sound good, but the execution? Truly impressive. Honestly, this is just a dump strategy. Feeling more and more off...

View OriginalReply0

ForkThisDAO

· 01-19 15:08

Another pivot. Will changing the track this time really save the situation? --- LP dumped 370,000 tokens, that sounds really hopeless. --- Hyperliquid switching to Solana, whether the bet is right or wrong all depends on luck. --- TGE has been postponed again. Is the promised January 19 really reliable or not? --- The project team's execution is so weak, why is the fundraising still so arrogant? --- How are the odds calculated, to follow or not to follow? --- The official is eager to switch ecosystems, major investors are eager to dump, this signal is too obvious. --- So many surprises within 24 hours, TROVE is truly creative. --- The tense LP names are well chosen, now the entire market is tense. --- Both delays and shifts in direction, is this repair or sinking?

View OriginalReply0

MidnightSeller

· 01-19 15:08

Another project switching tracks, hilarious, fighting with itself This LP has already run 75%, what are you still believing in the promise of January 19th? Still the same words, they all sound nice before跑路 Hyperliquid switching to Solana, do they really think we're all fools? Changing personas over and over, what are they really trying to do? But just watching the fun, will keep observing This wave definitely needs to be cut to wash out the market Postponed so many times, TGE might be permanently delayed

View OriginalReply0

NFTRegretter

· 01-19 15:08

I don't really believe that the TGE can be on time on January 19th; the historical track record is right here.

View OriginalReply0

TxFailed

· 01-19 15:08

lmao the classic "pivot to solana" move... in retrospect, that's usually code for "we have no idea what we're doing." 75% dump incoming fr fr

Reply0

AirdropHunter007

· 01-19 15:08

Another "exit scam warning," can it still rise when LPs are dumping? Is it gambler's mentality or genuine belief? Hyperliquid is leaving Solana, is this a pivot or passing the buck? TGE keeps getting postponed, who still believes on January 19? Are the smart investors still bottom-fishing? Haha This time I really need to clear my holdings, I’ve learned to be smart

View OriginalReply0

HalfIsEmpty

· 01-19 15:05

延期了？ Will it really be on time this time? It's a bit uncertain. --- LPs are all dumping and fleeing, why still believe in the official promises? --- Escaped from Hyperliquid to Solana, that must be really desperate. --- 75% of positions have been sold off, need I say what that means? --- Every time they say a certain month and day, every time they miss the deadline, this rhythm is really frustrating. --- Looking at the official actions, it seems they haven't figured out the way forward. --- Major investors are fleeing, retail investors are still waiting for TGE, how ironic.

View OriginalReply0