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Changes to Trove's token sale rules resulted in a Polymarket trader losing over $73,000
Svmuu News: According to monitoring by The Poly Nerd, Trove updated its contract five minutes before the token sale ended, extending the deposit deadline to January 20. Subsequently, massive buy orders ranging from 100,000 to 300,000 shares appeared on the Polymarket order book from wallets associated with the project. Trove first announced on X that the sale would be extended by five days, causing odds in the high-funding range to skyrocket. It then posted that the extension was canceled and the original plan would remain in effect, leaving many traders trapped. One trader invested $89,000 near the close in an attempt to make a $200 profit but is now facing a loss of over $73,000.
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